A BluePrint for Success: Case Studies of Successful - Educational ...
A BluePrint for Success: Case Studies of Successful - Educational ...
A BluePrint for Success: Case Studies of Successful - Educational ...
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Sustainability<br />
A Blueprint <strong>for</strong> <strong>Success</strong><br />
To ensure the sustainability <strong>of</strong> the program, College Track has a diverse funding portfolio that varies<br />
by program site. Through a very active board, College Track has been able to attract funding from<br />
entities like the College Access Foundation <strong>of</strong> Cali<strong>for</strong>nia and celebrities committed to education like<br />
Will.i.am. However, the funding varies by site. Likewise, the CT fundraising strategies have changed<br />
over time and as the program expands to new sites.<br />
The first five to six years <strong>of</strong> College Track were funded primarily by individual donors, a few foundations<br />
and grants, holiday appeal letters, and one main fundraising event done every year with Pixar.<br />
In 2007, CT hired a Director <strong>of</strong> Development who built the funding sources over the last four<br />
years to include government, partnerships such as the Urban League, a capital campaign (includes<br />
new market tax credits), and increased revenue from foundations and grants. In addition CT holds<br />
multiple fundraising events, one or two large ones each year and small local events at each site. CT is<br />
initiating local advisory boards to supplement the fundraising ef<strong>for</strong>ts <strong>of</strong> the board. Each site will have<br />
a board that is focused on fundraising <strong>for</strong> that particular community. The CT Board has been extremely<br />
involved in fundraising ef<strong>for</strong>ts. It has a development committee that is responsible <strong>for</strong> overseeing<br />
the fundraising events, increasing donations from individual donors, and reviewing all <strong>of</strong> the<br />
organization’s fundraising ef<strong>for</strong>ts.<br />
As far as potential challenges to fundraising, CT identified the relative inaccessibility <strong>of</strong> government<br />
funding, such as 21st Century funds, in Cali<strong>for</strong>nia. In New Orleans where we received the funds <strong>for</strong><br />
three years, we have come to the end <strong>of</strong> our contract. Government revenue in general is sparse. The<br />
other huge variable is the economic climate with stock market swings and loss <strong>of</strong> confidence in the<br />
US and world markets. In 2008, the market downturn had a negative effect on raising funds, particularly<br />
from individual donors. In general, CT is confident that they can withstand these negative<br />
<strong>for</strong>ces due to their strong board and founder, a trend in philanthropy to support college access, and<br />
their track record in raising funds. CT has been creative in meeting fundraising goals and they will<br />
continue in that spirit. Specifically, CT is facing these funding challenges by:<br />
Being more strategic with local fundraising events<br />
Creating local advisory boards to raise funds (increases capacity)<br />
Building the College Track name to attract more foundations/individual donors<br />
Increasing the network <strong>of</strong> government, foundation, grant contacts and resources<br />
Cultivating more high-income donors<br />
Increasing the number <strong>of</strong> fund raising events<br />
Working with partners to increase joint fundraising ef<strong>for</strong>ts<br />
<strong>Educational</strong> Policy Institute 58 www.educationalpolicy.org