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Sustainable, Recurring Funding for Education Foundations.

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Presentation on theme: "Sustainable, Recurring Funding for Education Foundations."— Presentation transcript:

1 Sustainable, Recurring Funding for Education Foundations

2 School Spirit Pays helps communities collaborate through their district’s Education Foundation to bridge funding gaps with locally- controlled funds. 2 2 Copyright © 2013 School Spirit Pays, Inc.

3 Our mission is to help fund education… …by redirecting millions of dollars into schools 3 3 Copyright © 2013 School Spirit Pays, Inc.

4 We do this by giving access to money from a long- standing, successful business category that exists in every community… …providing ongoing, monthly revenue to your Foundation Credit Card Processing 4 4 Copyright © 2013 School Spirit Pays, Inc.

5 A Foundation provides introductions into businesses in their community… …we then recruit these local businesses and service providers to process their credit and debit cards through School Spirit Pays 5 5 Copyright © 2013 School Spirit Pays, Inc. And pay your Foundation 25% of our proceeds on every transaction creating passive, recurring revenue month after month

6 Communities continue to do exactly what they do today… …while creating recurring revenue for schools through their local Education Foundations Merchants Sell Goods or Services Parents, educators and other community members buy from local merchants. 6 6 Copyright © 2013 School Spirit Pays, Inc.

7 While each transaction provides a small donation, it adds up to meaningful dollars… A typical small business would donate on average $42 a month, or just over $500 a year The average car dealer would donate closer to $6000 a year That cool internet e-commerce company in that warehouse down the street? Tens of thousands of dollars a year… Got a family destination in your area like a ski resort or theme park? Potentially hundreds of thousands of dollars a year… And all at absolutely no cost to the businesses supporting your district… Accounts Receivable departments in big companies all use credit cards Large businesses often get paid with corporate purchasing cards Big businesses may not think they do much in credit cards, but because of their scale, they often do significantly more volume than a retailer Many large Business-to-Consumer companies do Automated Recurring Billing for memberships and other ongoing relationships Looking at retailers:But there’s so much more: 7 7 Copyright © 2013 School Spirit Pays, Inc.

8 EXAMPLE FOUNDATION: The School Spirit Pays program can mean significant revenue: BusinessMonthly DonationAnnualized Fiber Optics Manufacturer726.188,714.16 Local Ford Dealer278.153,337.80 HVAC Mechanical Dealer62.20746.40 Auto Lube & Tune-up Store105.501,266.00 Daycare Facility137.751,653.00 Dentist107.751,293.00 Optometrist122.451,469.40 Sports Club208.302,499.60 Education Foundation Programs379.254,551.00 Totals$2,127.53$25,530.26 What could your Foundation do with this money? 8 8 Copyright © 2013 School Spirit Pays, Inc.

9 The program is simple… The Foundation, its board and supporters make introductions for School Spirit Pays to local businesses to discuss an innovative new fundraising program To become a supporter, merchants fill out a standard merchant account application School Spirit Pays helps merchants make minor changes to transfer their credit card processing The Education Foundations start receiving monthly donations on behalf of each member business The Foundation determines how best to use the funds in their schools 9 9 Copyright © 2013 School Spirit Pays, Inc.


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