Posts Tagged ‘schools’

Holding Charities Accountable for Their Accounting

Wednesday, May 4th, 2011

schoolboys-afghanistan.jpeg
(photo credit: isafmedia)

“People like to read the books,” says Daniel Borochoff, president and founder of the American Institute of Philanthropy in Chicago. “But the expense statement tells a story, too. Not as entertaining, but perhaps just as revealing.”

This seems like an appropriate follow-up to yesterday’s post about operational costs… A prominent organization dedicated to building schools and increasing access to education in Afghanistan – the Central Asia Institute – has recently gotten some bad press about its alleged money mismanagement.

Well, not money mismanagement exactly… more like financial nondisclosure. State auditors, donors, and charity ratings organizations have been surprised to find that more than half the CAI’s annual budget was spent in the U.S. instead of being sent overseas to pay for bricks and pencils.

Now, no one’s being accused of embezzlement – but it does seem like, at the very least, the organization’s finances were pretty incompetently handled. This is a great example of why it’s so important to do your homework before you give. Most charities are required to make their financial statements public, and you can use sites like GuideStar.org to help you get a better picture of where a nonprofit’s money is really being spent.

It’s also a pretty good example of how important it is to be on top of your finances. Even if you’re a great person (or organization), someday you’re going to be held responsible for the money coming in and going out of your account. SPEND.GROW.GIVE. will help you keep track, but you can get involved by setting a budget and sitting down with your advisor to talk about where you want your money to go.

North Carolina Schools Attempt to Modernize Educational Integration

Friday, March 4th, 2011

little-rock-school-integration.jpg
(photo credit: The U.S. Army)

The Wake County school system has led the nation in fighting educational inequality for forty years. But a series of challenges have forced leaders to be creative when it comes to integration that pleases parents.

  • The system’s race-based attempt at integration was deemed unconstitutional in 2001, so it switched to school assignment based on socioeconomic status (wealth and income). But keeping schools balanced between high- and low-income families meant students were frequently bumped from school to school.
  • In 2009, a new conservative school board decided that students should be sent to the schools closest to their homes, ensuring that the racial and economic barriers in the broader community would be repeated at school. The decision sparked outrage throughout the country.
  • As a compromise (and a nod to the results-oriented business community), a new proposal suggests that students be permanently assigned to schools based on achievement. That way, no student is forced into a low-achieving school simply because of their race, class, or location, and school shuffling will be kept to a minimum.

Facts & Figures

  • Under the current integration plan, each school has 40% of students qualifying for free lunch and 60% who do not qualify
  • Under the new proposal, each school would have 70% of students at grade level or higher, and 30% performing below their grade level

Best Quote

“What’s the use of living in a gated community if my kids go to school and get poor all over them?” – Stephen Colbert, Fake News Reporter

What do you think?

How will students be labeled as high or low-achieving? And what happens if a low-achieving first-grader becomes a highly successful third grader?

Get to it!

Does educational inequality get you riled up? Make a statement.