How does LHPS fund its operations?
As a private, independent day school, Lake Highland has two primary sources of operating revenue: 1) tuition & fees and 2) philanthropic gifts. Gifts allow us to expand and enhance the distinctive programs at our school, increasing the exceptional opportunities for every Highlander student.
Is fundraising unique to Lake Highland?
No. Private schools have long relied upon the generous contributions of their constituents to advance their schools. Nearly every private, non-profit school depends on both tuition and gifts to operate.
Who is responsible for fundraising at LHPS?
Staff members in the Advancement Office, volunteers, and members of the Board of Trustees lead the efforts to solicit contributions that align with the school’s strategic priorities and that enhance resources for the school, making the Lake Highland education distinctive and outstanding.
Who gives to Lake Highland, and for what purposes?
We actively solicit and gratefully receive contributions from current parents, alumni, grandparents, trustees, parents of alumni, faculty, staff, and friends of the school through the Highlander Fund, capital campaigns, endowment, and planned giving.
What is the Highlander Fund?
The Highlander Fund is Lake Highland’s annual fund, the foundational fundraising effort for the school. Annual gifts to the Highlander Fund supplement tuition revenue and enrich every facet of the school, providing vital resources for academic programs, technology, arts, athletics, campus security, and more.
How will my gift be used?
All revenue received from tuition and gifts is allocated and spent for one purpose: to benefit Lake Highland students. Gifts may be unrestricted – thereby supporting the school’s greatest needs and highest priorities – or donors may choose to designate their contributions to a specific area of interest, such as arts, athletics, or leadership development programs. 100% of your gift will be used for the designation you choose.
How does a family decide how much to give?
We need and appreciate gifts of all sizes. We encourage our families to give according to their resources and their desire to make a difference through their gifts. Your participation in giving, at any level, is an important statement of support for the school and of your belief in Lake Highland’s mission of cultivating the intellect and character of our students.
Is my gift tax-deductible?
Yes. Lake Highland is a qualified non-profit 501(c)(3) organization as determined by the IRS, and donations made to the school are generally tax-deductible as allowed by law. We recommend consulting with your tax professional for any specific questions you may have.
How does the school recognize donors?
Lake Highland has several donor recognition societies and programs to thank, celebrate, and steward our donors. For more information on our donor recognition programs, click here.
What is the Lake Highland Foundation?
In 2002, LHPS created the Lake Highland Preparatory School Foundation, Inc., establishing a separate 501(c)(3) to hold and manage endowments for the school. The purpose of these endowments is to support the mission of Lake Highland Preparatory School and provide for the school’s long- term financial stability. The Foundation provides the overall structure for an unlimited number of endowments and these endowments function like savings accounts for the school. Endowment accounts are established and funded by donors, allowing them to create a legacy that provides permanent financial support for a specific area of interest or need at Lake Highland. An endowment is designed to retain and conserve the principal of the donated funds and to use the growth, or interest earned, to fund needs in the desired area. Endowments can be established in honor of a loved one in recognition of service or achievement. To learn more about giving to Lake Highland’s endowments, click here.
Can I include Lake Highland in my estate plan?
Yes. Lake Highland gratefully accepts planned gifts to the school through donors’ estate plans, wills, life insurance plans, retirement plans, or other means. These important gifts have a meaningful impact on the future of our school. To learn more about our planned giving programs, click here.
Can I donate personal property to Lake Highland?
Lake Highland has a gift acceptance policy in order to ensure all items we receive are useable and needed by the school to help fulfill our educational mission. In accordance with this policy, gifts of personal property must be reviewed by the Gift Acceptance Committee who will determine whether they meet the terms of our gift acceptance policy. If you have questions about donating personal property, please contact the Advancement Office.
If you have any questions about supporting Lake Highland, please contact Susan Clayton, Vice President of Advancement, at email@example.com.