Frequently Asked Questions

Are gifts to EFIP tax deductible?

Yes. EFIP is a not-for-profit independent school authorized by the Internal Revenue Service to receive charitable donations. Gifts are tax deductible, provided the donor did not receive any goods or services from the school in exchange for the donation. An appropriate receipt is issued for each donation.

If tuition and fees do not meet the cost of educating a student, why not raise tuition to cover it?

Although all independent schools must raise tuition each year to offset inflation and to provide for growth, no independent school could charge full cost without pricing itself out of the market. The school prefers to give parents a chance to make a tax-deductible contribution because that is their opportunity to help keep the increases at a minimum. By holding tuition levels down, we strive to make an independent school education accessible to as many talented students as possible.

What criteria do corporations and foundations use in making funding decisions?

Corporations and foundations base their decisions in part on demonstrated support within the school community itself. Thus, a strong history of giving is the best way to position the school to receive corporate and foundation support.

In addition to making a personal gift, how else can individuals support the school?

There are several ways to bring support to the school that complement individual giving. Those in the business community can inquire about matching gifts or EITC contributions in the places where they are employed; others may help by introducing the school to any personal contacts who are in a position to help. These contacts include charitable foundations, family foundations, government entities, and individuals.