11.04.2013 Views

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 ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!