How it works
is simple! Donations go to participant schools and are only used to augment teacher pay. Supporting teachers financially profoundly affects student outcomes! Who would have guessed?!
Our strategy model has three steps:
Raise, distribute, and oversee. Let’s look at each a bit closer!
Raise
We are raising money to build the Educator Fund (an immediate impact account and an endowment).
The Educator Fund
an immediate impact account
The account is used to augment teacher pay immediately and is intended to last at least two years.
an endowment
The endowment will create a sustainable source of income for teachers to last indefinitely.
Distribute
We provide funds to participant schools for distribution. Let’s look at an example of the immediate impact account at one school, assuming we had $100,000 for distribution and there were 50 eligible teachers:
$100,000
will be se aside for distribution
2 years
is the timeframe
$50,000/year
($25,000 x 2) will be transferred to the school
50
teachers
$1,000/year
($500 x 2) will be paid to teachers
Oversee
We oversee the entire program to ensure teachers receive these funds via bonuses twice yearly (at the end of each semester).
Our requirements
state that teachers are eligible if they are primary teachers and not part of the administration (like a librarian or principal).
The schools
administer the payment of the bonuses, which we audit. Their leadership will also help define and select eligible teachers.
Our audit
is used to ensure only eligible teachers receive the bonus as intended, NOT for any other purpose, like facility upkeep.
FAQs
-
Let’s look at a quick example. Remember that your donation goes the Educator Fund (an immediate impact account and endowment). A $10,000 donation will be split three ways -
$8,500 (85%) is placed in an immediate impact account.
$1,500 (15%) is used for operational expenses (the not-for-profit's overhead: pay personnel, cover bank fees, etc.)
$1,000 (10%) goes to an endowment.
-
We understand the urgent need to support teachers now. While we actively build an endowment for the future, our primary efforts will be to provide immediate and impactful support to students and teachers.
That said, we plan to have dedicated fundraising events to fund the endowment.
-
Sure! Once funded, the endowment will continue to provide income for eligible educators at participating schools.
Let’s assume there are 50 eligible educators, and the endowment is valued at $1.25M. Assuming the fund has a net annualized return (NAR) of at least 4%, each educator will receive $1,000 annually.
Here’s the math: $1.25M (prinicpal) * .04 (NAR) = $50,000 / 50 (teachers) = $1,000 (per teacher annually).
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Yes! We have devised three growth milestones:
Milestone 1 - $1,000/teacher.
Milestone 2 - $5,000/teacher.
Milestone 3 - $10,000/teacher (our main objective).
-
We aim to grow the Educator Fund (an immediate impact account and endowment) to pay all teachers an extra $10K forever.
“Better than a thousand days of diligent study is one day with a great teacher.”
— JAPANESE PROVERB