Schools sometimes seek to initiate new programs but lack the money to support such initiatives. This is because the government is reluctant to allocate more money to support new school programs. Yet there is no room for adding fees paid by students by a substantial amount. To support new programs school have fundraising activities. The list below are techniques that schools employ to raise additional revenues.
One of the simplest fundraising ideas is starting products selling program. For example having art and design class make painting that school sells or charges people to see in a school exhibition. The good thing about this method is that the person paying for the products get something in return for the amount of money they pay. Therefore many people will be willing to promote the school fundraising by buying products being sold by the school. Also, this idea is also beneficial to the students in learning business schools and also being trained by various business mentors who appreciate the school’s efforts to raise revenue.
The schools can also seek corporate sponsorship as a means of raising funds. Many businesses are willing to play a part in the growth and development of schools within their area location. Such as offering financial support to building of a school library and acquisition of new edition school books. The best thing about this idea is that both parties benefits, the school gets financial assistance, and the business create a good public image and reputation. Also, the school by accepting the financial help of a company is helping them achieve their core value of corporate social responsibility.
Selling of competition tickets where the buyer stands a chance to win the grand prize. The idea is to create a relatively simple contest which all a persons need to do is buy a ticket and wait to find out if they will be announced as the winner. The advantage of this method is that people even if they do not win they do not feel like they lost money as they the money is being used in a school program that is beneficial to the students.
The success of the school fundraising is dependent upon the number of ideas used and the effectiveness of each idea. Therefore the school can receive money from a large group of people. We have people who will contribute due to the school perseverance in its methods of raising funds; fundraising has never been easier, with the current technology people from all over could contribute.