Throughout Prep's history, major projects involving significant expense have been made possible through fundraising efforts that were separate from the school’s two primary income streams: tuition and the Annual Fund. In recent decades, these have included the Keys to the Future campaign and the Carpe Diem campaign.

As a natural offshoot of these campaigns, in October 2006 Prep created Imagine: The Fund for Saint Peter’s Prep, with an eye toward creating an income stream, based primarily on major gifts, that would fund extraordinary projects, such as endowment growth and construction projects that are part of the campus master plan.

“The Imagine Fund is a new model for us, based more on the collegiate model," explained Jim Horan, '70, vice president for planning & principal giving. "It provides an ongoing, long-range major-giving track that is separate from, but parallel to, the Annual Fund, which remains the lifeblood of our annual operating budget."

In addition to the acquisition of significant gifts, often pledged over a five-year payment schedule, the Imagine Fund is supported by bequests and unrestricted major gifts that Prep receives each year, as well as by gifts of any size that are donor-restricted in support of any of the Imagine Fund’s components, including campus construction projects and scholarships.

Phase One of the school’s campus master plan is almost completed, with the opening of the new Donald P. Moriarty, ’48 Science Center scheduled to take place in mid-October. Previous Phase One projects (completed in the summer of 2010) include the conversion of the former Saint Peter’s Church building into O’Keefe Commons (student cafeteria and multi-purpose space); the creation of three new classrooms in the Hogan Hall locker room; and the creation of three rooms for the music program in the former parish building (between O’Keefe Commons and Shalloe Hall).

Imagine: The Fund for Saint Peter's Prep
Weekly Financial Update (as of 11/21/11)

TOTAL GIFTS: $17,739,407

GOAL: $19 million

• Funds directed to the master planning projects: $14,100,600
• Funds directed toward scholarships and similar restricted gifts: $3,638,807

Range of Gifts Received to Date: