You are here: Education Sites Catalog » How to Raise Money for School Renovation Projects

Education Sites Catalog

Apr 5

How to Raise Money for School Renovation Projects

With constant changes in the educational system comes a constant need for school renovations. Labs need to be equipped with modern equipment, gymnasiums need to be remodeled according to new safety regulations and so on. However, most school budgets can barely cover minimum maintenance, let alone renovations and upgrades. Nevertheless, the lack of budget is no excuse for our schools to look old and outdated. Nowadays, there are many ways to raise money for any type of project. So let’s take a look at some viable solutions for funding school renovation projects.

Fundraising

In the USA alone, over $300 billion are donated each year to non-profit organizations. Foundation grants account for a little over 10% of this money, while corporate contributions account for less than 5%. This means that the rest of the money comes from individual contribution. Now we know that school fundraising events are usually associated with private schools, but with the right advertising, public schools can also raise a lot of money.

Advertising

Local businesses usually love to support local schools. Being associated with children gives local businesses a respectable place in the community and this is an opportunity that your school should not miss. There are lots of ways in which you can make money from advertising. You can, for example, advertise in the school paper or the school blog. Another great way to advertise is through digital scoring tables. If your school gymnasium is not equipped with a scorers table, you should get one as soon as possible. It will pay for itself in a few months and in the long run, it can help the school make a lot of money that can be used for various renovation projects. Digital scoring tables are also a great way to make sports competitions more enjoyable and attract larger audiences at your sport events.

Crowd-funding

Crowd-funding is a type of fundraising, the only difference being the fact that it has the potential to raise a lot more money. Online advertising is free and any such endeavor has the potential to go viral. The results of a crowd-funding campaign might surprise you. There are many crowd-funding sites that can help you with your project, from Fundraise.com to Kickstarter and Indiegogo and many others. The advantage of these sites is that you can set up a main page for your project, and your main supporters can set up their own pages where they can advertise the project and get their friends and their friends’ friends to donate to your school. 

 

Related articles