Impact Fund

List of 8 frequently asked questions.

• Q. What is the Impact Fund?

  The cost of providing a top-quality academic, social, and emotional experience for 600 girls each year cannot be covered solely by tuition dollars. GPS’s Impact Fund provides flexible resources that have a significant impact on our ability to provide an experience that touches every aspect of the school–students, teachers, and programs. Our amazing teachers use out-of-the-box instruction techniques to keep the classroom experience exciting. Our coaches and club sponsors provide support and social outlets for our girls through activities and other positive interaction. And our girls love to learn inside or outside of the classroom.

• Q. Why give to the Impact Fund?

  GPS continues to provide the finest education possible, offering its students the advantages necessary to transform today’s young minds into tomorrow’s leaders. Year after year, GPS students are honor roll designees, state and conference athletics champions, and are accepted into the nation’s finest colleges and universities. These are quality indicators of performance, yet the pressure of GPS’s operating budget makes achievements like these more and more challenging each year. By providing support, gifts to the Impact Fund have an immediate impact on students, faculty, and programs at every level of the GPS experience.

• Q. Where do my dollars go?

  Gifts to the Impact Fund provide the general operating budget with unrestricted money that is used in the current fiscal year to support the school’s highest priorities. This includes, but is not limited to, fine arts and humanities, new courses, financial aid, salaries and professional development for faculty and staff, athletics, and technology. The greatest strength of these funds is that they enable the school’s Administration and Board of Trustees to react quickly to our students’ needs on a daily basis with a degree of financial flexibility.

• Q. Does tuition cover the cost to educate GPS students?

  Unfortunately, no. Tuition and fees provide 83% of the cost to educate a student; the Impact Fund covers 8%, auxiliary and endowment revenue covers 9%.

• Q. Does my gift make a difference?

  Every dollar contributed to the Impact Fund makes a difference.

• Q. Why is participation in the Impact Fund so important?

  Participation numbers, especially among our alumnae and parents, indicate the success of a GPS education. Many foundations and corporations request participation numbers among alumnae and parents when faculty apply for grants, as it reflects the strengths of a GPS education.

• Q. How can I make a gift?

  Check
  Gifts by check are welcome.  Checks should be made payable to Girls Preparatory School (GPS).
  

  
  Credit Cards
  GPS accepts Visa, MasterCard, Discover, and American Express credit card gifts.
  
  A donor may fill out his/her credit card number on a pledge envelope and mail it, call the Advancement Office to make a credit card gift by phone at 423.634.3476, or go online to www.gps.edu/MakeAGift.
  
  

  Electronic Funds Transfer
  Monthly bank draft can be completed online or by contacting Jasmine Bravo-Brown by email or by phone at 423.634.3476. 
  

  
  Matching Gifts
  A company or foundation that matches gifts can often double or triple the funds that GPS receives at no additional cost to the donor! Once a gift has been made, the donor should contact their employer for matching gift procedures.
  

  
  Securities
  Below is the information and instructions you need for stock transfers. If you have any questions, please call Mark Vosskamp, Chief Financial Officer, at 423.634.7632 for instructions for stock transfers.
  
  Broker:
  Joe Donnovin
  Benjamin F. Edwards & Co

  345 Frazier Avenue, Suite 205

  Chattanooga, TN  37405

  423-668-5411

   

  GPS Account #: EBR291320

  DTC #-0443

  Tax ID #-62-0475682

   

  Assistant: Kim Bowers

  Email

• Q. Is my gift tax-deductible?

  Yes! GPS is a nonprofit, tax-exempt organization. Gifts are deductible for federal income, gift, and estate tax purposes under the applicable sections of the Internal Revenue Code. Your year-end gift must be postmarked by December 31 to receive tax exempt credit for the current year.