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What is the difference between a gift to the Annual Fund and the Parents Association events?

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What is the difference between a gift to the Annual Fund and the Parents Association events?

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The Parents’ Association activities, such as Golf & Tennis Tournament and Celebrate Spring, support campus projects that are NOT funded by the operating budget or are restricted to a specific element of it. Although gifts made to these events are greatly appreciated, your first gift should be to the Annual Fund.

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