June 2006 Editor's Letter
By: Jill Pinheiro
It's undoubtedly a common discussion in Christian schools across the country: the need to raise tuition vs. the anxiety about approaching parents with the necessary change, in anticipation of their reactions.
As part of our annual focus on school financial matters, author David Byrnes, president of Facts Management Company, details how to understand and communicate to your parents and board members that a faith-based education is an investment in the future.
"The education of your entire school community regarding the financial operation of your school is an important responsibility," Byrnes said. "If done correctly, it will result in a much more informed and supportive school community when future tuition increases or special projects are shared with them."
If everyone's on the same page, working toward the common goal of properly equipping children for the future, aware of what it will take to reach that goal, it's that much easier to get there.
But tuition adjustments are just part of the financial puzzle. There are still monetary needs that aren't covered by tuition. That's where fundraising comes in. You have to decide, given all of the options, the best approach for your school to take. After all, you know your parents and students the best—what kind of fundraiser reaps the highest rewards for you? Product sales? One big, annual sports event? Several smaller events scattered through the year? It's probably been a matter of trial and error for your school over the years to find the perfect fit.
If you're considering raising funds by selling products, you'll want to check out the most frequently asked questions about product fundraising, according to the Association of Fundraising Distributors and Suppliers. This should be your one-stop, comprehensive resource for this type of fundraising.
I'm always interested in hearing from you. You can reach me at jill@cspmag.com.
God Bless,
Jill Pinheiro
Managing Editor