Financing Plans

About Financing Plans

Developing a strategic financing plan involves estimating the fiscal resources needed to sustain initiatives, mapping current resources that support initiatives, identifying gaps in funding and analyzing a range of funding sources and financing strategies to meet fiscal needs. Effective financing plans include the formal process of developing a plan as well as the informal and non-fiscal strategies and resources that statewide afterschool networks use to support their work.

Key Information

  • At least eight statewide afterschool networks have completed formal strategic financing plans
  • Strategic financing plans help networks to match the best possible funding opportunities to the best possible uses for that funding
  • Certain expenses lend themselves more to one type of financing source or strategy than another

Strategies to Support Financing Plans

  • Clarify “financing for what”
  • Estimate fiscal needs
  • Map current funding
  • Assess funding gaps
  • Identify and prioritize funding sources to meet your needs
     

General Publications

Global learning provides a host of benefits to youth enrolled in OST programs, including preparing youth for careers in a global economy.
This research brief highlights financing strategies that successful youth-serving organizations are using to maintain quality services despite difficult economic times.
This policy brief provides an overview of major sources of funding for afterschool programs, and gives suggestions on how the state's system can be improved.

Network Publications

Afterschool programs are effective in providing students with 21st century skills. They have greater flexibility in programming than schools, so they can cater to hands-on, experiential learning.
This guide was written to assist California leaders in schools, school districts, and community-based organizations in developing effective grant proposals to garner program support.