ERIC Number: ED456900
Record Type: RIE
Publication Date: 2001-Jul
Community Endowment Funds for Early Care and Education. Technical Report.
Noting that most early care and education programs do not have adequate resources to achieve high quality, this report examines the potential of community-based endowment funds for early care and education. Section 1 of the report provides general background information about endowments, their uses, characteristics of successful endowment-building organizations, human resources for endowment-building organizations, and challenges in building endowments. Section 2 focuses on factors associated with successful endowment fundraising, including setting realistic goals, identifying prospective donors, obtaining assistance from others, and preparing for and sustaining solicitation activities. Section 3 details lessons for the early care and education field, describes current experiments in creating community-based endowments for early care and education, and discusses challenges and opportunities in developing such funds. Section 4 details potential models for early care and education endowment funds, including a field-of-interest fund, a designated fund, and a free-standing endowment fund. Section 5 of the report discusses factors to consider in assessing the feasibility of developing a community-based endowment fund for early care and education, focusing on community characteristics such as income and wealth, as well as readiness. Section 6 presents steps to establishing endowments, including research and preparation, setting of reasonable endowment goals, implementation of the endowment, and identification of resources for building endowments. The report concludes by asserting that an early care and education community endowment fund has potential as a long-term strategy for generating revenue for early care and education and that once established, endowment funds could be one source of revenue in a coordinated early care and education finance system. (KB)
Descriptors: Community Programs, Day Care, Early Childhood Education, Educational Finance, Endowment Funds, Family Financial Resources, Financial Support, Fund Raising, Models, Private Financial Support
Lumina Foundation for Education, P.O. Box 7039, Indianapolis, IN 46207-7039. Tel: 800-834-5756 (Toll Free). For full text: http://www.luminafoundation.org./Publications/research.shtm.
Publication Type: Reports - Descriptive
Education Level: N/A
Sponsor: David and Lucile Packard Foundation, Los Altos, CA.
Authoring Institution: Lumina Foundation for Education, Indianapolis, IN.
Note: For supplementary technical reports, see PS 029 719-720 and PS 029 722.