Financing Strategies for Educational Technology

1. Market Share Financing Strategies for Educational Technology BeeChoo Ng & Nancy Hunt, Ed.D. School of Education & Human Development California State University, Fresno

2. Funding Sources • Public Funds • Private Funds

3. Public Funds • Federal Government Funds • State Government Funds • Local Government Funds Financing Strategies 3

4. Federal Government Funds • US Department of Education • Chapter I (Educationally Disadvantaged) • Chapter II (Educational Improvement) • Secretary Fund of Innovation in Education (FIE) • Fund for the Improvement and Reform of Schools & Teaching (FIRST) • Dwight Eisenhower Program for Math and Science Education • Star Schools

5. National Endowment for the Humanities • National Science Foundation • US Department of Labor • Job Training and Partnership Act (JTPA)

6. State Government Funds ( California ) • CA Department of Education • School Based Educational Technology Grants (SB 1510 ) • School Restructuring Project (SB 1274) • School Development Plan (SB 1882) • School Improvement Program (SIP)

7. Local Government Funds • Local Technology Bond • Local Sales Tax Levy

8. Private Funds • Corporations and Foundations • Local Businesses and Community Financing Strategies 8

9. Corporations and Foundations • Computer Companies • Apple Computer Inc. • Tandy Corp. • IBM Corp. • Commodore Business Machine Inc. • Carnegie Corp. of New York • Computer Learning Foundation

10. Toshiba America Foundation • Times Mirror Company Foundation • AT & T Foundation • Ford Foundation • Hitachi Foundation • Mattel Foundation • Xerox Foundation • Exxon Education Foundation

11. Local Businesses and Community • Parent-Teacher Organizations • Grocery receipts redemption program • Fresno Public Education Fund • Classroom Mini-Grants Program • School Checks Coupon Books

12. Financing Strategies • Grant Writing • School / Community Fundraisers • Education - Business Partnerships • Product Donations • Leasing and Installment Plans • Stretching Your Dollar Financing Strategies 12

13. Grant Writing • Grant Resources • Federal Register • Directories of private foundations • Online Grant Resources • Tips on Preparing Successful Proposals • The Proposal • Credibility • Budgets • Communicating • Afterwards

14. School/Community Fundraisers • Student-managed computer services • “Memory “ Service • Video Yearbook Project • School Technology Fair at local mall • Community Technology Fair • Magazine Subscription Program • Jogathan, candy drive, book fair, school auction

15. Education-Business Partnerships • Partnerships with computer vendors / retailers • Computer Learning Month • School as a demo site • Partnerships with local businesses • Grocery receipts redemption program • Adopt-a-school program • Corporate participation plan • Media Partnerships • School Wish List Program

16. Product Donations • Gifts In Kind America • Local United Way’s Gift In Kind Program • The Agency Program ( TAP ) • Educational Assistance, Limited • National Association for the Exchange of Industrial Product (NAEIR) • California: Detwiler Foundation Computers for School Program

17. Leasing and Installment Plans • Cash Purchase vs Leasing Programs

18. Stretching Your Dollar • Money Stretching Tips • Plan Carefully • Budget Annually • Act as a Team • Reallocate funds / create funding

19. Fundraising Tips • Plan your journey • Be persistent • Do your homework • Be flexible • Be creative • Get your team behind you • Think big • Think small • Paddle your own canoe • If at first you don’t succeed... Financing Strategies 19

20. Activity • A Creative Financing Plan for a Technology Project • . Decide a technology project to implement. • . Develop an Action Plan of the proposed Project. • . Prepare an Action Plan of your financing strategy. • . Design a poster to advertise your fund-raising event. Financing Strategies 20

21. Group Presentations of Financing Plans ABC Technology Project Financing Strategies 21