Yes! As a 501 (c) (3) non-profit organization, all monetary gifts to Jesuit High School are tax deductible to the fullest extent of the law. Upon receipt of your donation, Jesuit will send you an official acknowledgement of your gift. Please retain this acknowledgement for your tax professional.

Jesuit High School is fortunate to have property rental income from land that the school purchased for the Himes Avenue campus relocation in 1956. This income represents less than 10 percent of Jesuit’s operating revenues. For example, in Jesuit’s 2005/2006 President’s Annual Report, property rental income represented $846,478 of the school’s total operating revenues of $9,440,515. (The operating expenditures for the school that year totaled $8,933,622.) While the rental property income indeed helps Jesuit pay some bills, roughly 90 percent of Jesuit’s annual operating revenues are raised through other methods including tuition, fees and charitable contributions. Referencing the 2005/2006 example above, tuition contributed $5,849,171 to the school’s revenue source. When you do the math, it is easy to see that the combination of tuition and rental property income leaves the school with a $2,237,973 shortage in meeting its annual expenditures. It is through the generosity of our donors and wise advice from our volunteer team of financial consultants that Jesuit is able to overcome this deficit each year.

If you analyze any of Jesuit’s past annual reports you will notice that the income from tuition does not cover the cost to operate the school. We refer to this deficit as the “gap.” Most people are not aware this gap exists or how the gap is covered from year to year. Consider the following example. During the 2007/2008 school year the actual cost to educate a student at Jesuit is $13,037, however in an effort to avoid a drastic spike in tuition, the actual tuition charged per student is $10,600. This $2,437 (per student) difference represents the gap. Each year income from Jesuit’s property rentals and the generosity of Jesuit’s supporters has helped to cover this gap, which in turn, helps avoid lofty tuition increases. However, as the operating costs continue to rise the property rental income is no longer enough to offset future tuition increases. Contributions to Jesuit’s Annual Giving Drive can make a real difference in combating the annual trend of tuition increases. Beginning in the 2007/2008 academic year, Jesuit’s “Show Your Stripes” Annual Giving Drive will be directing donations to the newly established Tuition Cost Control Fund (TCCF) in an effort to put the brakes on annual tuition increases. This new program provides a steady long-term commitment to tuition reduction based on a spending policy that preserves the principal investment, while using the interest proceeds to reduce the annual cost to educate a student at Jesuit.

Jesuit’s mission of forming “men engaged in the world who are dedicated to serving God by being open to growth, intellectually competent, religious, loving, caring, and just” is not intended only for those who can afford it. A dramatic tuition increase will result in vastly reducing the social and economic diversity of the school. And it is the diversity of Jesuit’s student body that helps enrich the overall Jesuit educational experience for every young man who attends the school. As tuition grows from year to year, it is the middle-income families – those who cannot qualify for Jesuit’s financial aid program -- who feel the biggest squeeze. While students from lower-income or disadvantaged families are eligible for Jesuit’s Financial Aid Endowment program, and students from more affluent families are not impacted by high tuition rates, the middle-income families are truly caught in the middle as tuition escalates. For this reason, Jesuit does everything in its power to limit annual tuition increases to prevent the school from becoming financially exclusive.

Jesuit does not provide scholarships based on athletic or academic performance. The school also does not issue student loans. Students who have been academically accepted for enrollment can apply for tuition assistance through the Financial Aid Endowment program. All families are welcome to apply for aid. However, Jesuit’s financial aid program is designed to provide tuition relief for lower income or disadvantaged families, and assistance is granted solely on need-based circumstances.

The qualifications for financial aid are established by a third party processing company that is approved by the Florida High School Athletics Association (FHSAA). In addition to the independent processing company, an impartial school sub-committee evaluates the applications and determines the distribution of aid on an individual basis to those who meet the need-based criteria. The amount of financial aid granted varies according to need

The endowment provides the school with a permanent fund or source of income. The money donated for Jesuit’s Financial Aid Endowment is invested, and each year the proceeds from the investment interest are used to fund the school’s financial aid program without sacrificing the principal investment.

Financial Aid Endowment contributions are managed by Jesuit High School’s Investment Committee. The Investment Committee is comprised of six financial professionals from the Tampa community. Fund management is governed by built-in checks and balances from within the committee, as well as from third party outside financial firms. The Investment Committee meets quarterly and provides regular reports to Jesuit’s Board of Trustees

Jesuit High School strives to record all contributions accurately. Each year the President’s Annual Report seeks to acknowledge gifts and pledge payments received during the fiscal year, July 1st through June 30th. If your gift was received after June 30th, you will be recognized in the following year’s annual report