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Author: Afton Partners

Defining Financial BOLDNESS in Innovative School Plans

April 25, 2019 by

Magnifying glass with dollar signThis post originally appeared on the Afton Partners blog on March 5, 2019.

School teams around the country are creating and implementing innovative academic models, bringing a personalized approach to student learning. Afton has engaged with hundreds of schools as they build these plans, encouraging innovative financial thinking alongside. In many competitive public and philanthropic grant programs, one of the rubric components that Afton has used is for “financial boldness”. Grantees are expected to demonstrate some form of bold thinking around resourcing and expenditures. But what does “financial boldness” mean?

To us, “financial boldness” means thinking outside of the traditional funding and expenditure box. Bold financial plans may:

  • Contemplate innovative or unique sources of sustainable funding, such as partnerships, in-kind community supports, or even identifying flexibilities associated with existing funding streams, such as Title funds or instructional materials funding.
  • Create a new approach to sustain operations by incorporating innovative uses of resources, such as unique staffing structures or uses of space. This includes changes to roles and responsibilities, including for in-classroom staff, and for new approaches to professional development.

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