This same idea governs endowed scholarships. The College raises funds every year to help with its general operating needs. In order to do this, the College organizes a campaign, which is simply a structured fundraising drive focused on a particular project or projects. Actually, the College needs more annual support now than before the campaign, because of the extra demand the new facility and programs have put on the budget. A fiscal year is the 12-month accounting period within which an institution operates.
Budgets begin with the new fiscal year and are closed out when it ends.
Like most colleges, YCP's fiscal year coincides roughly with the academic year, beginning July 1 and ending June 30. The annual President's Report, published in November, always lists donors from the previous fiscal year. Every person who ever attended York College. Thanks in part to the contributions from alumni, friends, businesses, and parents, YCP is able to keep tuition low while also improving the campus and its academic programs. One of the reasons many individuals choose to enroll at YCP is because of our very low tuition.