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robertogreco : annualfunds   1

Dump the Annual Fund?
"In Part II, he makes the case for the importance — and possibility — of operating independent schools without an annual fund. His school, by way of example, offers highly competitive faculty and administrator compensation; this academic year, the beginning teacher salary is $70,000 with full benefits. Using a lean administration and streamlined structure for efficient and effective operation, the school avoids layers of bureaucracy and is able to compensate the administration well. Soghoian accomplishes this without an “annual fund,” operating on tuition income alone, without incurring any operating deficit. On the other hand, all capital improvements in his school — facility renovation and new building construction — have been realized through fund-raising targeted to specific projects."
richardsohgoian  independentschools  annualfunds  fundraising  hierarchy  administration  leadership  administrativebloat  budgeting  money  2013  toldyaso  cv  tuition  finance  management 
may 2013 by robertogreco

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