Philanthropic Needs and Priorities
As a 501(c)3 not-for-profit educational institution, The Storm King School utilizes an effective, sustainable financial model to direct the largest percentage of our operating revenues to student programs and services, and the smallest percentage we can to administrative and overhead. The resources required to provide student services fall into three broad categories: people, program and facilities. The people and program costs (salaries, educational materials, food, utilities, etc.) are all borne by the operating budget and paid for with tuition revenues.
Where do your donations go?
awarded in financial aid in 2016
Storm King's ranking among the top 300 boarding schools in North America (thebestschools.org)
Invested in upgrades toward the physical plant since 2012
Support for Scholarships
An important part of that commitment involves the principle of fairness and equity. Our intention is to provide financial assistance to deserving students of character and promise who would not otherwise be able to afford the exceptional educational opportunity that Storm King provides. Students should be assisted in their intellectual, physical, creative and moral growth in order to realize their full potential. A diverse and multi-cultural community provides important learning opportunities for everyone. Arts, athletics, cultural activities, outdoor education and community service enhance life and growth. Respect, dignity and acceptance should be accorded to each individual, regardless of race, creed, gender or orientation. Hiring and retaining the best faculty and administration possible is essential to the wellbeing of the school. Scholarships at Storm King are provided through the generosity of our donors. Students of character and promise who receive these scholarships depend upon the voluntary philanthropic support of our generous donors to help them achieve the fullness of their potential.
The resources required to provide student services fall into three broad categories: people, program and facilities. The people and program costs (salaries, educational materials, food, utilities, etc.) are all borne by the operating budget and paid for with tuition revenues. However, the third category, facilities, requires capital investment that is enabled by philanthropic support. Historically Storm King and other independent boarding schools were founded and developed by philanthropic investors: principled humanists with the means and the inclination to contribute meaningfully to the public welfare, and keen to create legacies that reflected their social commitment. A quiet stroll through any campus reveals the names of those philanthropic investors, inspiring our gratitude and our imaginations. But like all physical assets, buildings require continual renewal and replacement in order to maintain their utility. And as schools evolve and grow, oftentimes new construction is required to meet present and emerging needs. Today, Storm King continues to rely upon the visionary leadership of its philanthropic investors. These individuals believe passionately in the work that we do at SKS and, like their predecessors named Stillman, Orr, Henderson, Smidt, Ogden, Stone, Stern and Vladimir, wish to leave a legacy of stewardship for the school which has done so much for them. Mindful of its history and excited by its potential, Storm King now seeks individuals to invest in its future, to partner with school leaders in a spirit of venture philanthropy, to enable the school to achieve its ambitious plans and goals.
Sustainable describes a robust and durable school. To hedge against the unforeseen, not-for-profit schools like Storm King build endowment funds. An endowment is a portfolio of permanently invested funds, the interest and earnings from which provide an annual subsidy. The endowment serves an important function as a “safety net” during times of economic stress. The endowment is a critical financial tool to ensure the sustainability of The Storm King School. Because endowment gifts must be substantial in order to offer meaningful benefits, donors most frequently make such gifts as part of their estate plans. Trusts, gift annuities and bequests are the most common mechanisms used to create endowment gifts. Gifts of this type are truly the “ultimate” gifts that can ensure Storm King’s long-term sustainability through its Sesquicentennial and beyond.