Unlike most private schools, The San Miguel School is not tuition-driven. The generosity of individuals, foundations, businesses, and other partners provides the funding to operate.
We believe that education is the key to breaking the cycle of poverty. Because of our mission to serve those most in need, the ability of families to pay is not a factor in acceptance. Less than 6% of the annual operating budget for the school comes from tuition paid by families.
A large portion of operational funding comes from sponsorship of students: directly linking a donor's support with an actual student, in most cases for four years. The student communicates with the donor throughout the year, providing updates on achievements and challenges.
During the last fiscal year, income came from the following sources:
Donations (including events) 52%
Student Sponsorships 26%
Tuition, Lunch & Fees 3%
Donations for Graduate Support 2%
Interest & Dividend Income 2%
To view the audit report for fiscal year 2010, please contact Brother Lawrence Goyette, FSC, (401) 467-9777 x113.
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