There are multiple reasons for partnering with a school.
1. Community Benefit and Goodwill
No one can argue tht it is not the right thing to do, to support the education of youth in your community. Not only is it the right thing to do, but businesses for decades have built relationships with people in their community, thereby building awareness of their products and services, and encouraging business growth.
Students, their families, the school and broader community will all benefit from the program you are supporting. If you are a local business owner your contribution to the school community will be welcomed and appreciated.
You may be a parent, ex-parent or an ex-student of the school. Sponsoring the school would be a wonderful way of continuing your support for the well-being of students.
As a business owner your benefits may include:
- increased exposure and goodwill locally
- exclusivity in your school-community space
- recognition as a ‘privileged’ local sponsor with new local community connections - students, their parents, teachers
- alignment with a range of professional associations which have an interest in supporting student financial learning
- supporting principals to deepen and broaden the financial literacy conversation across school communities and better prepare students as they exit school into the real world.
In today's educational environment there is an expectation that schools will partner with various groups within the community, in ways that support the learning outcomes of students and which better prepare them for the society in which they will live. Listed below are two of these policy and systemic drivers supporting school and community partnerships.
1. National School Improvement Tool
The National School Improvement Tool is used by school review teams to evaluate all aspects of school life which impact on student learning. One dimension of that review is the degree of School-Coomunity Partnerships. Reviewers look to see if "the school actively seeks ways to enhance student learning and wellbeing by partnering with paents and families, other education and training institutions, local businesses and community organisations".
2. Australian Professional Standard for Principals
One of the professional practices of school principals is their capacity to engage and work with the community
Principals embrace inclusion and help build a culture of high expectations that takes account of the richness and diversity of the wider school community and the education systems and sectors. They develop and maintain positive partnerships with students, families and carers and all those associated with the wider school community.
Cost of partnering
Partnership involves one or more businesses 'sponsoring' The Wealth Academy's School-Community Financial Life Skills Resource Library into the school.
The school receives the resources and benefit of your collective expertise. Your business has an opportuinity to work with the school-community to find ways to support the learning needs of students, and perhaps to help parents support the financial life skills of their children. There is an expectation that members of the alliance have different sets of skills e.g. legal, accounting, financial planning, banking, broking.
The Wealth Academy:
- receives a small fee from the 'sponsors' which guarantees the school access to ALL resources for a given period
- gives the school partners (sponsors) access to some of thes resources, to use with their existing clients. This is especially beneficial if the partners are aligned to the financial service industry.
- 1 sponsor $2,000
- 2 sponsors $1,800 each, if part of a self-determined alliance
- 3 sponsors $1,400 each, if part of a self-determined alliance
N.B. If The Wealth Academy identifies three businesses to sponsor the resource pack into the school the fee is $2,000 each.
- School principals have final say on whom, if anyone is a school partner.
- Many principals have preferred to have a local alliance of 2-3 businesses sharing the financial life skills partnership responsibility. This overcomes perceptions of favouritism.
- School communities should always try to find their own local partners before asking for assistance from The Wealth Academy. Your Parents and Citizens Committee or local Chamber of Commerce is a good place to start.
- Many principals will prefer to have partners who give a 2-3 year commitment to the school.