Fundraising has been on my mind lately. I first started thinking about the challenge of funding last summer. Now, as we move from the ‘visioning’ stage to the actual ‘planning’ stage for a new high school, the question of start-up funding has been one that I have been thinking about and brainstorming with others. Today, I spent some time reviewing Funding your 1-1 vision, a K-12 Blueprint e-book from techlearning.com. Among the various insights that I gained, one significant take-away focused on a recommended funding distribution for the technology budget.
The 10:5:3:2 rule can be used as a guideline for the equitable distribution of funds across four different technology domains: hardware, professional development, software, and maintenance and support services. According to this rule, for every $10 spent on hardware such as computers, printers, and other equipment (50% of the budget), $5 should be allocated to teacher technology-based professional development to ensure implementation success (25%) , $3 on software (15%), and $2 on maintenance and support services to fund imminent repairs and upgrades (10%).
I like how this distribution acknowledges the need for on-going professional development in support of the technology initiative. Allocating 25% of the budget in support of the teachers and their abiilty to support learning through technology is a wise investment of funds. I can see how this is a critical component of a technology plan.