Crowdfunding best practices

How can school district leaders leverage the benefit of crowdfunding for their schools while maintaining internal controls and student protection?

Consider the following factors when evaluating crowdfunding websites.

  • Financial accountability
  • Ownership of materials and supplies
  • Safety and privacy

Only trust crowdfunding websites that meet these criteria.

  • Purchase and send resources directly to verified schools, instead of depositing cash into teachers’ personal bank accounts. If your staff receives cash, it can put them and the district in a risky situation.
  • Publicly display details about every item funded and provide clear explanation of overhead costs.
  • Require teachers to report how the resources were used in the classroom and how students benefit.
  • Designate that the school, rather than the teacher, ultimately owns the funded resources.
  • Notify principals when items are being shipped and provide line-by-line reporting of every item to the district upon request.
  • Have mechanisms in place to protect students’ privacy, as well as a privacy policy tailored to the unique needs of students in public schools.

Contact your local Horace Mann representative for more information.

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