The challenge of funding

Every private school begins with a dream. The challenge for the visionaries is to realize the dream.

Marks (2006) highlights the fact that far too many potentially good private schools fail simply on account of a lack of funding. I had not previously studied private school finance, so his brief article provided a very cursory introduction to private school finance.  The “crib sheet” he provided highlighted categories of expenses that need to be considered in the set-up. These included:

  • determining school location and facility rental
  • necessary building renovations to serve the school population adequately
  • budgeting essential building services, such as landscaping or janitorial services, to support the facilities
  • insurance costs for running the school
  • learning supplies, including computer network, laptops, art supplies, etc.
  • library upkeep and subscriptions
  • budget line for faculty training and professional development support

In the end, the greatest budgetary expense relates to personnel. One aspect that successful new schools plan on to keep staffing costs low is to require as many employees as possible to have a regular role with students. There are no employees with limited direct contact with the students. The notion is that every adult plays a significant or contributory role to student learning, including those with administrative responsibilities. This is meant to minimize costs for solely non-instructional staff members.

Since the lion’s share of the operating budget is tuition- and donation-based, all new school planning needs to address establishing, developing and maintaining a constituency of families and alumni who remain interested in the school’s mission. New parents need to understand the call to private/independent education and believe that a private/independent high school is a viable education alternative for their children. Similarly, alumni need to be reminded of this call and their commitment as adults to support private/independent education at their local school.

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Marks, A., (2006, Nov. 5). Building the Next Dalton. Retrieved July 7, 2011 through New York Magazine (online).

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