Tuition does not cover the per student cost of a W&L education. The university annually spends over $20,000 on each student above expenses covered by tuition (financial aid comes only from dedicated funds and is not a factor in this differential). W&L relies in part on the Parents Fund to bridge this difference in the operating budget.
Gifts to the Parents Fund immediately contribute to exceptional teaching, state-of-the-art classroom technology, excellent library resources… from the sports field to the theatrical stage, the science lab to the student center, the Parents Fund keeps undergraduate life thriving.
Parent giving impacts Washington and Lee’s reputation. The participation rate is used by publications like US News & World Report in determining rankings. Corporate and Foundation donors also note participation rates in weighing whether or not to make gifts to the university. High participation is viewed as high satisfaction with the university and impacts both W&L’s reputation and our ability to raise funds from other sources.
Every gift to the Parents Fund makes a difference. Worried that a modest gift will just be a drop in the bucket? That’s the point — every drop is essential to getting that bucket full!
Special success creates special opportunities. Our fundraising goals are based on the needs of the operating budget. When we exceed those goals we open doors to even more academic programs, special events and facility improvements. There is no limit to how much the Parents Fund can benefit Washington and Lee students.