It creates a win-win situation when corporations and local businesses get involved with schools and fundraisers. It is in the best interest of companies that the upcoming workforce be afforded the best possible education. But how are schools currently fundraising?
According to a charitable giving survey conducted in 2018, 80 percent of the extras in schools are supplied by selling products through fundraisers. Selling products in catalogs or out of boxes is not always the best way to raise large amounts of money quickly.
Fundraising efforts often fall to the parents. Seventy-one percent of parents surveyed admitted to selling products to family, friends and coworkers as part of a school fundraiser. This has become a required and traditional way for PTA/PTO, teams and classrooms to raise money. “My kids do a candy bar fundraiser twice a year. It is a lot of work for what amounts to only a $30 profit for the school once you back out the cost of buying the candy. I’d rather just hand them the $60 so they keep it all, and I don’t have to peddle candy bars to everyone I know,” says one second grade mom we spoke to.
What if it could be different?
What if companies made a commitment to help grow these schools the same way they would develop a new product? It is important for businesses to believe in the students who may one day become their employees — and to have a way to give back to the community that supports them.
Importance of grants
Robotics teams who fundraise on the EdCo platform raised more than $400,000 for their teams. Imagine if a corporation invested in the growth of the robotics industry pledged to match these donations! “We awarded $20,000 in Power Grants™ last spring for Robotics. More than 140 teams from all over the country created campaigns and actively raised funds. As a result, they raised more than $100,000! Imagine if we had more to give?” says Amy Zucchi, head of Marketing at EdCo.
EdCo introduced Power Grants™, a corporate-funded grant program enabling groups to afford everything from registration/travel fees and supplies to classroom curriculum modules. Grants are available to qualifying groups based on the sponsor’s criteria. Criteria can often include geography, demographics, and focus such as a sport, STEM, art, etc. These are funds-matching grants that support students directly and encourage teams to raise more funds together.
Power Grants™ provide positive recognition with the schools and community for the corporate provider. Students proudly talk about their Power Grants™ to potential funders, including parents and community members.
Let’s help schools, students and teams raise money differently! Interested? Learn more about being a corporate donor for a team, contact us today.