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The Inglis University Library Donations Department Part 1 (Memorandum to the Chair of the Budget Committee) Date: To: From: Subject: March 23, 2012 Chair of the Budget Committee Yunzheng Zhao, Management Accountant Donations Department’s Request for Additional Funding
After reviewing the budget committee’s analysis, I believe that it made an inappropriate decision in denying the donations department’s request for additional funds. I will examine its decision through a cost-benefit analysis which shows that it may have overestimated the costs of maintenance, and overlooked the benefits of this important department. The budget committee overestimated the unit cost due to missing revenue, improper cost structure, and
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Furthermore, some of the expensive (or even priceless) items collected by the donations department have saved some of the expenditures that would have been taken out of the library’s budget. Hence, it is hard to say whether eliminating this department can indeed decrease spending; the expenditures made on future purchases of precious items can in fact offset any potential savings from eliminating the donations department. This analysis also suggests that the donations department is worthwhile to maintain. After conducting the cost-benefit analysis above, I conclude that the donations department deserves more funds and attention, as it significantly supports the library as well as the university as a whole. More funds would allow the department to hire more employees, which would lead to a decrease in the unit cost per donated book, and an increase in the capacity of processed books. Clearly, the benefits outweigh the costs of maintaining and expanding this department. Therefore, I suggest that the Budget Committee reconsiders its decision and allocate additional funds to the donations department.
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Part 2 (Cost Schedule of the Donations Department and Calculations) Since both fixed costs and variable costs are applied to the donated books, I recommend using a contribution approach while
If HBCUs are to survive, they must increase financial contributions from alumni. This is particularly true at private institutions, where there is little or no revenue from states, upon which public institutions rely heavily. Alumni giving at public HBCUs is also becoming increasingly important because state funding is decreasing and the overall funding received from states is not on par with their majority institution counterparts (Gasman, 2010). HBCUs must enhance their alumni fundraising results in order to generate revenue to sustain them. Understanding the motivators to alumni giving at HBCUs can be critical to helping them improve alumni giving rates, and thus, the amount provided by them. There have been many research studies to determine the factors that affect alumni giving. One study found that there is a positive correlation between alumni perceptions of their undergraduate experience and their chances of financially supporting and participating with their institution (Gaier, 2005). Institutions should understand the key factors that contribute to those alumni perceptions so that they can make operational decisions designed to improve student
It is so difficult for nonprofit organizations to deal with the withdrawal of a major gift. In order to illustrate what ABC Nonprofit should be aware of and how to successfully navigate the complexities that it is facing, I selected the case of the Central Park Children’s Zoo as an example. I suggest that ABC Nonprofit should get to know more about the new major donors before reaching agreements, handle the major gift wisely, and have good relationships with both major donors and individuals or communities that have involved in.
Funds to pay for books to support students and parents decrease the educational expenses while pursuing their degree.
In light of recent events, I feel the need to reach out to our school’s upper level advisors, the Board of Directors. As a tenth grade student at the TanenbaumCHAT Kimel Family Education Centre, the unfortunate closing of my campus, which I have attended for the past year and a half, saddens me. As a result, I believe TanenbaumCHAT must drastically change their financial and human resource practices. In order to create a sustainable, financially secure Jewish academy, the Board must limit the salaries of administration and reduce the administration and support staff body; establish an endowment fund as a five-year bond for all excess money and enact a team of teachers, parents and donors to oversee the school’s spending.
To think that because the department is low-cost, requiring only textbooks, novels, and computers for research, that it is not as important as other subjects which require high tech gear and lab equipment is not fair. In fact, even students, together with their professors have found it important enough to stage protests to “save the humanities”. We have, over the years, witnessed a movement away from
The London Public Library is an organization spanning the city of London, delivering services from 16 physical locations. The core services of the library include reference, reader’s advisory and referral; collections and lending; technology services; programming and community outreach. The library is focused on literacy, learning, culture/leisure/recreation, information and community meeting place. The past few years have seen significant resources pegged towards fund raising strategies, resulting in other areas of the organization being neglected and
Explanation: This additional allotment of supply money is for the Science Department at BCC. During a recent High School that Works Building Evaluation, it was noted that the Science Department was lacking in supplies and equipment which corresponded to a lack of lab opportunities in the classroom. This money along with additional equipment funding seek to remedy this issue..
If an alumnus donated money to Concordia College, they should be spent in a way that benefits all students. Most students and faculty would agree that building a parking lot would be a great opportunity. Building a new parking lot is a good investment because more students would attend school, the prices would decline, and current students would be satisfied.
Acts such as the Elementary and Secondary Education Act, or ESEA, approves the use of grants for library resources, textbooks, among other items. The earlier we recognize the need, the better. Wheat (2013) states, “As schools experience greater deficits in funding, along with increasing complexity and quantity of student needs, the gap between what resources exist and what is needed grows wider.” There are several means of applying such as the website DonarsChoose.com and DigitalWish.com where students, parents, and teachers take the initiative to ask for what their students need in the classroom. Donors, including some major corporations, provide that service as long as the receiver promises to update them on how it aided the school or classroom. As the use of technology rises in the classroom, it will be vital for Chesapeake to continue to upgrade their classrooms to provide the resources needed for student
Since that time, those funds were not replaced and further budget cuts were made. In short, much of the money for the program was gone. A book was selected for 2009 and used in some courses, but we were unable to bring the author in for a speaking engagement (the primary cost of the program). Each of the previous years cost approximately $15,000. The small amount of funding still available for the program was just not adequate to provide for bringing in the author.
Financial donations and funding for education play a major role in the quality of an education that a child receives. The more resources and materials that a child has offered to them, the more likely that child will have success in their learning. While it is also possible for a child to have little resources and still learn, it is drastically less common in today’s society. The Carnegie Building represents these financial donations through the Gospel of Wealth ideology that it was created on. Andrew Carnegie believed in giving money in the form of an investment for the future, rather than an donation for the present. In his lifetime, Carnegie has personally donated over $350 million to educational facilities (Columbia University Libraries). By funding establishments and universities such as Carnegie-Mellon University, or funding research centers such as the New York Public Library, citizens who wish to better their lives through education, but did not previously have the means to do so, now have this opportunity.
“The Library Card,” by Richard Wright is a strong essay on how books can affect and influence readers. Richard Wright writes that his first experience of the real world is accomplished through novels. He read an article criticizing H.L. Mencken and it tempted him to read some of his books. The article labeled Mencken as “a fool.” Wright wanted to know what this man had done to cause such hatred against him. “I wondered what on earth this Mencken had done to call down upon him the scorn of the South. The only people I had ever heard denounced in the South were Negroes, and this man was not a Negro,” (pg.319) Wright writes that tells us that the South was filled with racism and hatred among the whites and blacks. Mencken must have had ideas
Our class readings discussed how fluctuations in grants (for any variety of reasons) can have a substantial impact on the ability of nonprofits to fulfill their missions. Steven Rathgeb Smith
Need Thesis: The worth of public libraries in America extends far beyond the books they offer. Despite the value of these resources to struggling communities, libraries have seen a decline in both public usage and federal funding in recent years.
There are many peer-to-peer fundraising platforms available. The best ones found have a low cost to high service ratio, efficient functionality and can also be easily used withWordPress. The top ones include FirstGiving, Classy, Qgiv, SalsaLabs, Razoo and Giveeffect.