Salisbury Academy goes public with fundraising campaign, $1.25m match – Reuters

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SALISBURY – Salisbury Academy has kicked off its new fundraising campaign by announcing the biggest donation it has ever received.

The school received a pledge from the Wallace Family Foundation to match the first $1.25 million raised through the campaign.

School principal Beverly Fowler said the school had received six-figure donations in the past, sometimes collected by groups, but the school had never received a donation of more than one. million dollars before.

“It’s the first of its kind,” Fowler said.

Fowler said a great matching gift like this also encourages others to support the campaign. Typically, fundraising campaigns begin with a quiet phase before going public, but Fowler said the donation allowed the school to move into the public phase more quickly.

The money will go towards the $3 million goal the school has set for a campaign called “Opening Doors.”

Fowler said the $3 million figure will fully cover the construction of a new 8,500-square-foot facility that will house preschool, kindergarten and the planned preschool program for 3-year-olds.

The building would also house a new center that the school plans to use to focus on community welfare. Fowler said the school would offer parent support groups and host guest speakers as examples of the programming at the center.

The money would also allow the school to achieve a goal it started in 2020: launching a high school program. The school currently has students in kindergarten through eighth grade. In a press release, the school said it “has begun conversations and is exploring potential partnerships with local public and private educational institutions.”

The school expects to have more details to release about the program later.

“When you think of the typical cost of a high school, you’re thinking of a new building and all the facilities and programs that come with it,” Fowler said. “Our model is more innovative in the sense that we’re going to use an existing building and use our community partnerships to help offset some of the traditional costs that you would have for a startup.”

Fowler said early education was put on the table due to calls from families looking for it, as well as strategic planning by the school and a feasibility study.

Fowler said school officials are confident they will be able to support the new programs.

“We also did long-term financial planning,” Fowler said. “When you’re looking at creating this 3-year-old class, you’re definitely creating a financial model where tuition and student enrollment covers the cost of faculty salaries. As the new building is covered by campaign donations, we will enter this building debt-free.

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