ExtendED Notes Articles

Funding Streams: How To Finance Your After School Program

Written by ExtendEDNotes | Aug 25, 2015 4:00:00 AM

The Cost of High-Quality Afterschool Programs

 

As the demand for high-quality, affordable after school programs increases, so does the need for funds to support out-of-school time opportunities. Here are five resources to help fund and support your after school program.

 

Did you know the average annual cost of running a high-quality, after school program is between $3,450 and $3,780 per student? Unfortunately, federal funding has been able to fill less than 25% of community grant requests. According to the America After 3PM study, 10.2 million children attend an after school program, with another 19.4 million children willing to participate in a program if one were available. As the demand for high-quality, affordable after school programs increases, so does the need for funds to support out-of-school time (OST) opportunities.

 

As an after school director, it’s important to learn the best ways to finance and sustain your program initiatives. Below are five resources to help fund and support your after school program:

 

Also, here are a few grant opportunities to get you started:

 

McCarthey Dressman Education Foundation

Application deadline: April 15, 2016

Award amount: Up to $10,000 per year for a maximum of three years.

Criteria: Programs that nurture the intellectual, artistic and creative abilities of children from low-income households.

 

The Awesome Foundation

Application deadline: Rolling

Award amount: $1,000

Criteria: Programs with ‘awesome’ projects that tend to challenge and expand students’ understanding of individual and communal potentials.