Independent schools are enjoying a fundraising boom, with the number raising more than £1 million in a year reaching an all-time high, a study has revealed.
Experts say schools are ploughing efforts into fundraising as they come under pressure to limit fee increases during the economic downturn, provide more bursaries to poorer children and keep up in the facilities "arms race". Schools are increasingly adopting US-style fundraising techniques, where dedicated officers build relationships with parents and alumni to ensure a steady stream of income on top of fees.
The latest study from accountancy firm Crowe Clark Whitehill showed that the 522 participating independent schools raised £92.9 million in donations in 2011, up from £77 million in 2009 and £89.3 million in 2010. Of the top fundraisers in 2010-11, Eton College raised £5.2 million and Harrow School more than £7 million. In total, the number of schools raising more than £1 million each rose to a record 24 last year, recovering from a low of just 12 in 2009, at the height of the banking crisis. A further 69 schools raised more than £200,000 each in 2011.
The findings come after the Independent Schools Council announced last month that pupil numbers in its schools had risen for the first time since the credit crunch in 2008.
Tim Baines, author of the study, said schools had done well to boost fundraising levels. "It is down to an increasing professionalism in their approach and the employment of dedicated staff," he said. "Gone are the days when you would just get a teacher to go and raise the old boys' network."
Ian McLean, director of development at Millfield School in Somerset and a former chair of the Institute for Development Professionals in Education, which supports school fundraisers, said membership of the organisation had grown from just 10 to about 300 in a decade.
"There's now a plethora of development officers, with schools much more aware of building closer relationships with the school community, with parents and former students," said Mr McLean. "As well as wanting to increase their ability to fund more scholarships and bursaries, schools are constantly looking to improve their facilities even in tough economic times."
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