Capital gifts support the long-term goals of the school, both endowment and bricks-and-mortar.
Endowment
Endowment funds are Foxcroft's most critical capital requirement. A strong endowment provides the fiscal foundation of a residential school. Girls' schools have thrived despite their historically small endowments.
The Gateways to Excellence Campaign, which was completed in 2005, raised $30 million for Foxcroft's endowment.
Ongoing unrestricted and restricted gifts to endowment are critical to the long-term fiscal health of the School.
Foxcroft's Master Plan
It was Miss Charlotte who said on the eve of Foxcroft's first building campaign, "Give us the equipment and we will give the world fine women." That flurry of activity brought Applegate and Dillon dormitories, the Music Building and Schoolhouse. Now, fifty years later, Foxcroft embarks on another major initiative to bring the plant up to par with the programs and the people. Following the Campus Master Plan, we will enlarge and renovate the gym and activities building and Schoolhouse, and will build a new dormitory, a performing arts center and a maintenance facility. As we enter this new phase in our School's history, Head of School Mary Louise Leipheimer promises, "We will remain faithful to our roots: no glitz, time-honored rules, hard work, and assuption of integrity and honor, and the expectation for service. Bricks and mortar do not a school make; however, our people and programs have earned them."
One look at today's students and you know times have changed: They're smart, ambitious, athletic, and technologically savvy. They set large goals and challenge themselves. They work and play hard; they want to make a difference and lead the world into the 21st centrury. Our Campus Master Plan for Foxcroft's places will touch every face and every life on campus.
To receive a copy of "Foxcroft School: Faces and Places", a brochure which details our Campus Master Plan as well as current funding priorities, please contact the Development Office at 540.687.4510 or development@foxcroft.org.
The Plan, in summary:
Foxcroft is dedicated to retaining competitive programs in athletics.
ATHLETICS: - Addition of Student Activities Center
- New playing courts
- New team rooms
- Aerobics room
- Expanded weight and training room
Foxcroft will preserve and enhance its commitment to a residential school for students and faculty.
RESIDENCE LIFE: - New 50-student dormitory
- Renovation of existing dorms
- Improvements and additions to faculty/staff apartments
Foxcroft will enhance learning opportunities by increasing interdisciplinary courses and updating facilities.
CLASSROOMS: - Renovations to Schoolhouse
- New general use classroom
- New math/computer lab
- New AP science lab
- Creation of multi-media classroom
Foxcroft must retain competitive programs in the arts to maintain its current level of excellence.
ARTS: - New 500-seat theater and support spaces
- Expanded art, ceramics and photography studios
- New band/chorus and music practice rooms
- New dance studios
The physical plant must meet the needs of the Foxcroft community.
BUILDINGS & GROUNDS: - New maintenance facility
- Upgrading the campus infrastructure
Funding the Future . . .
Foxcroft's financial success rests on each of us; to insure Foxcroft's future we must all make substantial gifts relative to our means. Every Foxcroft generation has a critical responsibility to help provide the shoulders, the direction and the support for those generations that follow. We are bound by a covenant of generosity: we benefited because others joyfully gave; now we must give so others may receive. It is our hope that these gifts will be given joyfully, providing personal satisfaction as well as significant tax benefits.
There are many ways to structure your donation; each offers unique advantages to you and to Foxcroft. Details of several options are listed below to facilitate your choice; from them you may select the form of giving that best suits your financial goals.
OUTRIGHT GIFTS
The most direct way to support Foxcroft is through an outright gift of cash or securities. These gifts offer you a full tax deduction and provide an immediate benefit to Foxcroft. Outright gifts made in the form of a pledge may be extended over a three-year period. Many firms offer matching gift programs for outright gifts made by their employees and their spouses.
LIFE INCOME GIFTS
Life income gifts allow you to make a gift to Foxcroft that will pay you income for life. These "giving and receiving" gifts are an unusually effective way of reaching your personal financial goals while supporting Foxcroft at the same time.
THE CHARITABLE LEAD TRUST
These trusts often provide an attractive way for you to make substantial gifts to Foxcroft while passing on capital to your children and grandchildren.
BEQUESTS
These are a wonderful way to honor Foxcroft's legacy by supporting future Foxcroft generations. If you wish to include Foxcroft in your estate plan, your attorney can suggest the appropriate language to do so.
GIFTS OF REAL ESTATE
Gifts of appreciated real estate may afford you substantial tax advantages. You may even give Foxcroft a percentage of a property in order to reduce the taxes incurred by its sale. Real estate can be used to fund most income-producing trusts. Also, you can make a gift of property and retain a life interest in it.
GIFTS OF RETIREMENT FUNDS
When you make Foxcroft a beneficiary of your retirement account, your estate enjoys a considerable tax advantage.
For assistance with planning a gift, please contact the Development Office at 540.687.4510 or email us at development@foxcroft.org.
An important note about the Annual Fund . . .
Many of you make annual gifts to Foxcroft. These gifts support current operations. They are absolutely essential to the fiscal health of the School. When deciding your level of support to our building projects, we ask that each member of the Foxcroft constituency maintain or increase their gift to the Annual Fund.
Please, if you can make only one gift to Foxcroft, make it to the Annual Fund.
