Schools have several options regarding the funding of the School-Community Financial Life Skills Resource Library.
Local community business sponsor
Financial education is a a community need and should be considered a community responsibility.
Many businesses that have a financial literacy aspect e.g. accountants, advisers, brokers, realtors, etc will have a strong interest in sponsoring the program into the school.
This is especially so if past students, or parents of existing students, work in these professions.
There must be a minimum of two businesses supporting a school. Businesses are expected to make at least an initial commitment of two years to the school community.
- 1 business $2,500/year (Three separate businesses each pay $2500.)
- 2 business consortia $4,200 ($2,100 each)
- 3 business consortia $5,400 ($1,800 each)
(See the sponsor information.)
Parents and citizens committee
The school Parents and Citizens' (Friends') Committee will have a strong interest in supporting this program. (Most of their children will not receive an in-depth financial life skill program within the school.) This program provides a wide variety of financial life skill resources that gives the school community this opportunity.
- P&C fee $2,500/year
Schools may wish to self-fund or partly self-fund.
The fee for schools is $2,500/year.
Schools may consider:
- prompting business education students to develop a business plan to fundraise for the program
- share the purchase cost with P&C, and a fundraising initiative
- share the purchase cost with business community.
Also consider contacting your local Chamber of Commerce, Lions, Zonta or Rotary organisation.