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ERIC Number: EJ995886
Record Type: Journal
Publication Date: 2012
Pages: 0
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-0145-9635
EISSN: N/A
Available Date: N/A
The Independent School Financial Model Is Broken: Here's How We Fix It
Farber, John S.
Independent School, v72 n1 Fall 2012
All of those who work in independent schools have read a variety of material regarding strategies to improve their financial model. But as the author sees it, in the current economic conditions, there are really only two possible solutions for improving financial structures. They can no longer rely on their traditional strategy of increasing tuition year after year and fund-raising often for their endowments and programming. Even families that love what those who work in independent schools do for their children are clearly tired of paying higher tuition bills annually and writing check after check for philanthropic activities and events. Many of them simply can't do it anymore. Therefore, it is imperative that those who work in independent schools all start looking at ways to cut costs and add revenue to their operations via non-tuition revenue sources. This article describes one example of how school leaders can collaborate, learn from one another, and save operational costs all at the same time. (Contains 1 note.)
National Association of Independent Schools. 1620 L Street NW Suite 1100, Washington, DC 20036. Tel: 800-793-6701; Tel: 202-973-9700; Fax: 202-973-9790; Web site: http://www.nais.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A