Annual Giving
The Kanuga Annual Fund
Unrestricted gifts to the Kanuga Annual Fund help offset operating expenses that are not covered by fees, endowment income or income from the depreciation fund. To run Kanuga in 2007 will cost about $6.9 million. Revenue sources that will enable Kanuga to meet these expenses are
- Conference, Guest Period, Camp and Program Fees (84 percent)
- Unrestricted Annual Giving (6.5 percent)
- Retail Income, including Canteen and Bookstore (5 percent)
- Income from Endowments (4 percent)
- Income from Depreciation Fund (1 percent)
In 2007, Kanuga is counting on unrestricted annual gifts of $450,000 to cover 6.5 percent of projected expenses.
Only Unrestricted Giving to the Kanuga Annual Fund Directly Supports Kanuga’s Cost of Operations
Among the possible categories of giving to Kanuga (endowment gifts, capital gifts, designated gifts and unrestricted gifts), only unrestricted annual giving directly supports Kanuga’s annual operating budget.
Annual giving is important because the cost of running Kanuga goes up each year. Against the backdrop of dramatic increases in Kanuga’s cost of doing business, rate increases for guests and program participants have been kept modest. Last year Kanuga managed to keep overall rate increases under 4 percent.
Unrestricted annual gifts help keep rate increases low and make possible many enhancements to Kanuga. As unrestricted annual giving levels increase, even more can be done.
To make your secure online unrestricted gift to the Kanuga Annual Fund now, please complete the form below.
For information and assistance with any form of giving to Kanuga, please contact Randy Boone, Kanuga’s director of development, at 828-692-0077, ext. 240, or . Persons considering a sizeable donation to Kanuga or interested in providing for Kanuga in their estate plan should seek the advice of a financial advisor and/or attorney.
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