Rising Costs And Falling Incomes Hit Schools - One Finds Creative Solution

credit: Southend Standard UK

A New Zealand primary school is so low on cash it's setting up an endowment fund to make up for it.

Stuff.co.nz reports on the plight of Clifton Terrace School, which is in the suburb of Atawhai and is among the country's so-called "high decile" schools.

Principal Rob Wemyss says the school lost about $45,000 in government funding this year because it couldn't opt into the government's donation scheme, which provides about $150 per student per year.

"It just makes it really, really difficult to make ends meet," Wemyss says.

"It was unfair to keep asking parents in some schools to put their hands in their pockets."

The school, which has around 300 students, received about $8,000 in donations from parents this year.

The endowment fund will be managed by the Top of the South Community Foundation, and money donated or raised by the school will go into the fund each year. Read the Entire Article

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