Fund-raising

Private schools often need to be creative when it comes to funding. This section provides tools, tips and resources on fundraising. Learn more about supporting your school, how to handle major gifts, and why keeping in touch with graduates can benefit your budget.

View the most popular articles in Fund-raising:

Raising Money for Your School

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Raising Money for Your School
Raising money for the newer, small private school is a job for professionals. We examine the three major components of private school fund-raising.

Raising money for non-profit organizations such as private schools has never been tougher or more complicated. A series of major disasters both at home and abroad can have a negative impact on fundraising efforts, so connected has our global community become. However, the advantage private schools have is their built-in donor pool. Alumni and alumnae, parents, grandparents, and friends comprise this group of past, present, and future donors. The trick is to figure out how to get them to give consistently and in line with their financial resources.

For purposes of this article, our focus is not on the older, more established schools such as Exeter, Hotchkiss, Middlesex, and so on. These schools have long histories of successful fundraising behind them. Instead, our focus here is on the thousands of much smaller, much newer, less financially strong private schools which serve communities all over the United States. These are schools that rely heavily on their top administrators and small support staff to handle all the development and fundraising needs. These dedicated people are, for the most part, experienced professionals who believe in what they do. They also know that their donor base has significant potential, although just how large that potential is unknown. Even more, vexing is figuring out how to reach those donors capable of making major gifts.

First of all, let's break our fund-raising into three distinct sections and understand what it is that you are trying to achieve with these critical but separate fund-raising objectives.

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True or False: Do Declining Endowments Mean Less Financial Aid?

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True or False: Do Declining Endowments Mean Less Financial Aid?
The impact of the 2009 financial meltdown on private school endowments has not been as severe as it was on college endowments.

The article in the New York Times sounds ominous. Certainly, as it points out, private school endowment funds have seen declines in their value as a result of economic and financial meltdowns. But there are other factors which the article does not address which make the impact on financial aid less of an issue than the writer would have you believe.

Let's look at the facts.

Conservative Investment Policies

The investment approach for private school endowments has historically been a conservative, cautious approach. Trustees and their advisors have generally been good stewards of their finances. They avoided risky investments such as derivatives and real estate despite calls from some quarters to maximize returns. The reason for the decline in their portfolio value is simple: just about every investment-grade instrument declined.

Sustainability

Back in the 90s, sustainability became an important principle in private school mission statements and philosophies. The National Association of Independent Schools has taken a leadership role in supporting all kinds of sustainability initiatives including financial sustainability with its 1,500 member schools.

From the Nais: "In order for independent schools to thrive in the 21st century, NAIS believes that they must be sustainable along five dimensions: financial, demographic, programmatic, environmental, and global."

As a result, schools with significant endowments (greater than $10 million) generally were well-positioned to weather the economic storm which 2009 brought on with a vengeance.

Financial Aid is a Priority

Financial aid goes to the heart of most private schools' commitments to diversity. It is not an option. It is

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Keeping In Touch With Your Graduates

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Keeping In Touch With Your Graduates
You have many ways to keep in touch with your graduates. Each generation of graduates needs a method of communication which suits its expectations.

Keeping in touch with your graduates is not easy these days. In the old days, you sent a chatty snail mail letter to your graduates two or three times a year. It was full of news about marriages, grad school, jobs, and so on. Of course, it always had updates and information about goings-on at school, sports results and a word from your favorite teachers. Those kinds of newsletter mailings to alumni still go out. If you can afford them, your older graduates will most definitely appreciate them. The reality is that each generation of graduates needs a method of communication which suits its expectations.

Printed mailings have been largely supplanted by interactive school web sites where graduates can log on and keep in touch with their classmates whenever and wherever they choose.

Most alumni relations staff realize that their most recent classes don't stay in touch in the same ways their older graduates do. Snail mail and printed materials are fine for the class of '70 and earlier. Even Web portals may only be effective for the classes prior to '00. Our recent grads are a completely different beast.

The classes from 2001 onwards are the text, cellphone, YouTube, Twitter, Tumblr, and the Facebook crowd. They are all about social networking. Put a class reunion on YouTube and the response will be tremendous. When one of your alums creates a group on a social networking site, it will invariably draw other alums. They all love keeping in

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