Reply to How much do you donate to your school’s annual fund every year?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We used to donate 1K to 2K at our first school which [b]claimed $2500 was the 'gap' amount between the actual cost of educating a child and the tuition[/b]. That was in another city. Now we are at a different private school that is more established (with an endowment). No pressure to give a certain 'gap' amount. We gave only $500 because of an unexpected financial situation. [/quote]

Heard of this a lot, but never understand.  Is the $2500 gap for a full pay student?   Is the gap also $2500 for a financial aid student?  or ($2500+amount of aid) for a financial aid student?

For example, if the tuition is $45,000, then for a full pay student, the actual cost of education should be $47,500 based on the claim of the $2500 gap.  A FA student gets $20,000 on aid and pays $25,000 tuition.  What the gap for the FA student?  $2500 or $22,500?  Sounds like $22,500 because the actual cost of education is $47,500 and the student pays $25,000 in tuition.

Can anyone explain this to me? [/quote]

The gap does not include FA, so is still that hypothetical 2,500.

If one is on FA, then they should give whatever they are comfortable with. The participation numbers for FA families is VERY important.[/quote]

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