Cornerstone Christian Academy

FUND-RAISING PROCEDURE FOR THE  2011 -- 2012 SCHOOL YEAR

Introduction:  Due to the significant cost increases related to our location at 60 Holley St., the school must be able to calculate the amount and timing of income in order to meet the budgetary realities that will allow the school to remain solvent.  Let me add at this point that the average private school around the Rochester area is about $5,100.  Most schools have a variety of fees that are added to the costs.  Our tuition level is about $2600 lower than the average local private school tuition. Even when we add the fundraising fee, we are still about $1800 lower!

Policy:  Along with the fixed tuition families will also pay the reimbursable fund-raising fee of $1,100 per student.  (The first student is $1,100, any additional children are $600 each) Monthly tuition payments for one student then would be 1/10th of $3,700, or $370.  All of this additional $1,100 can be reimbursed to the family if they reach that level of fund-raising.  The majority of our families were able to receive most of their fundraising fee back.

Everyone will pay the $1,100 throughout the year as part of the tuition.  For families paying the tuition up front, the discount does not apply to this $1,100.  Once the family reaches the net (not gross) fundraising amount of $1,100, their $1,100 will be offered back as a reimbursement, or it can be donated, as a whole or in part, back to the school.  Any fund-raising done beyond the $1,100 will go entirely to the school. Credits or refunds will be done at the end of the school year.

Example: Candy bars give a net profit of 50% for the school.  If a family sells $1000 worth of
candy bars they will get $500 back.  We do have families who sell that much!

Fruit sales net approximately 33%.

Links-For-Learning nets approximately 80%.

At the end of the year each family will receive a statement of how much they raised toward their target net profit, ($1,100 for one student, $1,700 for two students, etc.) and they will receive a form notifying them of the refund amount. They will be given three options:

   1. Receive the refund in full.

   2. Donate part or all of the refund to the school.

   3. Apply part or all of the money to their unpaid tuition balance.

If, by the end of the school year a family has not raised the net profit of $1,100, the will receive a refund for whatever portion they have raised.  They will have paid the $1,100, so if they raise $400, the school will refund $400.  The school will have been paid $1,000 but the family will only have had to pay $700 of that, a direct benefit to you.  Any money raised beyond the $1,100 goes to the school.  Families cannot receive more than they paid in fundraising fees.  ($1,100 for one child, $1700 for two, etc).

Using this option we are able to avoid a tuition increase, a fixed cost, and give families the option to do the fund-raisers in order to recoup their money.  Your fund-raising efforts will go directly to reducing your own tuition, not someone else’s.  Each family then has the incentive to gain personally from their efforts. Those families who opt not to take part in the fund-raising still have that choice.  The cost will be in line with the true fund-raising needs and expectations.

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