In order to supplement income from tuition and fees, which do not provide adequate revenue for school operations, Mount Carmel Academy sponsors an Institutional Advancement Office. In addition to several fund-raising events, the Advancement effort includes major, annual, capital, and planned giving programs. All of these programs have been created and are implemented with the purpose of inviting, involving and engaging people to help advance the mission and vision of Mount Carmel Academy.
The Major Gifts program raises funds for specific and strategic needs identified by the President, the Principal, and the Board of Directors.
The Parent Giving Drive is Mount Carmel Academy’s parents’ annual giving drive. Tuition alone does not cover the entire cost of a student’s education. The purpose of the drive is to close the GAP between what tuition covers and what the actual cost is to educate the students. Gifts to the GAP drive help to support the operation of the school, keep tuition as low as possible, and help prove a greater margin of excellence for our students.
With capital giving, the Design for Excellence (DFE) campaign has raised funds to accommodate the increased enrollment from the addition of the eighth grade. The campaign also raised funds for the Mother Clare Coady Hall (Walker Street Building) and the Mother Therese Chevrel Assembly Center. Gifts to DFE also supported the rebuilding and restoration of the campus following the $22 million in damages inflicted by Hurricane Katrina in August 2005. The DFE program remains until the debt is paid, the hurricane renovations are completed, and the debt on the fourth floor of the Mother Clare Coady Hall is paid off. It will continue for capital projects which will fund needed improvements at the school.
The Planned Giving program is another facet of the major gifts program. Planned gifts can be structured through a variety of instruments and may offer donors the ability to maximize their giving potential while providing for themselves or a loved one. Depending upon the type, planned gifts may mature during the life of the donor or at their death. These gifts are usually part of the donor’s estate planning process.
The major, annual, capital and planning giving programs are based on the identification, cultivation, and solicitation of prospects/donors. Relationship-building that matches the interests of the donor with a need at Mount Carmel Academy is at the core of these programs. The Advancement efforts and all fundraising activities are designed to promote community and to raise necessary funds for Mount Carmel Academy.
To promote the quality and unique opportunities of the Carmel tradition and experience by building relationships with the Mount Carmel community and by developing the resources that will serve and continue to advance our school as one of the outstanding Catholic secondary schools for young women in the country.