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School Choice and Blackbaud Software
- The article discusses the impact of school choice programs on schools, families, and public funding, highlighting the need for schools to adapt to accept these funds.
- State-funded programs vary across different U.S. states, offering options like tax-credit scholarships, vouchers, and education savings accounts (ESAs).
- Schools must navigate complex processes to receive and allocate funds, with examples from states like Ohio, Iowa, Arizona, and Florida provided.
- Regulations and requirements for school participation in choice programs can pose challenges, including paperwork, delays in payment, and potential loss of autonomy.
- Independent schools are adjusting financial aid policies, raising tuition, and marketing participation in choice programs to enhance financial sustainability.
- Blackbaud's K–12 Solutions offer tools to manage school choice funds, enabling schools to track scholarships, tuition discounts, and state vouchers effectively.
- Different methods, such as tracking fund sources with project codes and consulting legal counsel, are recommended for accurate reporting and accounting.
- The article emphasizes the importance of tailored approaches to state funding due to varying program structures and the uniqueness of each school.
- Schools considering participation in state-funded programs are advised to collaborate with internal teams, auditors, and Blackbaud representatives for successful implementation.
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