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After-School Programs

"The Skills to Pay the Bills"

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A new report suggests that nonprofit organizations can learn the money-management skills they need to keep after-school programs afloat.

A four-year study commissioned by the Wallace Foundation tested two different fiscal-management training models at 25 Chicago nonprofits running after-school programs. Researchers divided the organizations into two groups—14 received more expensive and extensive customized training and 11 were given more modest, group-oriented professional development in financial management.

The study found "long-lasting improvements" at all but one of the schools, including some using the less-expensive improvement model.

(The Wallace Foundation also supports coverage of expanded- and extended-learning opportunities and other topical reporting in Education Week.)

Vol. 34, Issue 25, Page 5

Published in Print: March 25, 2015, as After-School Programs
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