Frequently Asked Questions
Why does W&L need a Parents Fund?
Most private schools have three main sources of funding: tuition, income from the endowment, and annual gifts. Tuition simply does not cover the cost of running a private university. Without the generous support of current and past parents — along with alumni and friends — tuition would be much higher to maintain the full and distinctive W&L experience.
Annual gifts to The Parents Fund are not invested — they are used right now to sustain current year operations and activities that directly impact every student. Annual gifts are the lifeblood of the institution. The Parents Fund contributes almost 16 percent of the Annual Fund.
How much are parents and families asked to give?
The decision as to the size of your gift is a personal one — the important part is that parents participate in the Parents Fund, no matter the amount. Parents give from $10 to $100,000, and participation at every level is needed and appreciated! When you make a gift to the Parents Fund, it will be joined with the gifts of other parents, and those gifts add up to a remarkable total! In 2018-19, current and past W&L parents donated nearly $1.7 million to the Parents Fund. This is a significant endorsement from W&L parents who believe in the mission and direction of the university and support it with their own giving above tuition.
What are the leadership giving levels?
W&L recognizes leadership parent giving through the following groups:
- PLC Circle. Members of the PLC Circle are parents who make an annual gift of $25,000 or more to the Parents Fund (or the Annual Fund for alumni parents).
- Steering Committee. Members of the Steering Committee are parents who make an annual gift of $10,000 or more to the Parents Fund (or the Annual Fund for alumni parents).
- The Parents Leadership Council. The Parents Leadership Council (PLC) includes parents who make an annual gift of $5,000 or more to the Parents Fund.
- The President's Society. Parents (non-alumni and alumni) who give $2,500 or more are recognized as members of The President's Society (TPS).