Financial Information
The tuition schedule at St. Monica Academy for the 2008-2009 academic year is as follows:
For grades 1 through 8:
1st Child - $4,500 per year
2nd Child - $4,000 per year
3rd Child - $3,550 per year
4th Child+ $3,150 per year each
High School tuition (grades 9 - 12) is $6,450 per student with no multiple child discount available.
St. Monica Academy has three tuition payment plans available.
1. Pay the full year tuition by July 1, 2008
2. Pay the full year tuition in two equal installments on July 1, 2008 and January 1, 2009
3. Make monthly payments, paid over a 10 month period from July 1, 2008 through April 1, 2009. In this case, the family is obligated to make all payments by the 10th day of the month in which they are due or tuition will be considered delinquent.
Registration Fee:
A non-refundable Registration Fee of $500 per child is due upon enrollment.
Book Fee
A non-refundable Book Fee of $250 per student is due June 1 or at the time of registration if registration occurs after June 1..
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order to keep our tuition rates affordable, St. Monica Academy sponsors several
types of fund-raisers throughout the year. We expect all families to participate
in these. We ask each family to commit, through the medium of these school
fundraisers and with the help of their own friends and families, to help raise
the amount above tuition that it costs to educate their children. Tuition
income only covers about 50% of the operating expenses of the school.
All families that can afford to do more than this are asked to do so in order to help less fortunate families that might not be able to meet this goal.
We hope this will help to provide a specific goal for many families who know they have a responsibility but are unsure of how to accomplish it. This system is also necessary for providing a sound fiscal approach to running the school.
Your Charitable Support Keeps Our Mission Alive
St. Monica Academy is supported entirely by tuition and charitable donations.
Please consider the following types of gifts and their tax advantages:
Gifts from Current Income
You can deduct a percentage of your adjusted gross income. The higher your
income, the greater the tax savings. Gifts of current income can be spread
out over a number of years to take full advantage of tax deductions.
Matching Funds
If you’re considering a cash donation to St. Monica Academy, be sure
to find out if your employer has a “Matching Funds” program available.
A large number of companies offer this benefit to employees. For every dollar
you donate to the school, the employer will match that donation up to a certain
limit. This is a great way to stretch your gift.
Gifts in the Form of Securities or Real Estate
A gift of securities or real estate that has increased in value can be one
of the most advantageous ways of giving. Gifts of this type provide you with
the following benefits: 1) of making a significant gift without affecting
your standard of living; 2) of avoiding paying capital gains tax on the appreciation
of the securities or real estate; and 3) of securing a Federal Income Tax
deduction.
Gifts from Bequests
A bequest to St. Monica Academy can result in a greater amount of your estate
passing to your heirs, both in terms of current tax savings and the possibility
of future estate tax savings – especially when coordinated with a Wealth
Replacement Trust or ILIT.
Gifts of Life Insurance
A donor may make St. Monica Academy the beneficiary of a life insurance policy.
A new policy may be taken out in the name of St. Monica Academy or an existing
policy may be gifted to the school. If a policy is gifted, your donations
to the school in lieu of premium payments will be tax deductible.
Gifts of Personal Property
Gifts of personal property are tax deductible. The donor also avoids payment
of capital gains tax on any appreciation of the property (examples would include
jewelry or collectible coins).
Please contact us with any questions concerning immediate or deferred gifting
Also, it is always wise to consult your tax advisor on tax-related issues
St. Monica Academy holds two major fundraising events each school year--a golf tournament in the fall and a dinner and auction in the spring. These events combine great fun and entertainment while fulfilling the very important mission of raising funds to help cover tuition costs for our students.
The catalog for the 2008 auction can be viewed here.
If you are interested in receiving an invitation to either of these fundraisers, please contact us.
You can also help St. Monica Academy by enrolling in one of the electronic scrip programs in which we participate. Go here to view information about the electronic scrip programs that earn money for the school.
For a list of companies offering paper scrip, go here. Call the office at (626) 229-0351 for ordering information.
When shopping at Office Depot, present our school number 70121812 at checkout, and earn 5% cash back to St. Monica Academy. (You can also present your own rewards card while earning cash back to St. Monica.)
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