Thursday, february 13, 2014 using data to construct your affordability strategy

THURSDAY, FEBRUARY 13, 2014

USING DATA TO CONSTRUCT YOUR AFFORDABILITY STRATEGY

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ETIQUETTE& LEARNING MORE ABOUT ADOBE CONNECT

MEET OUR PRESENTER

Miriam Prum HessDirector, Center for Excellence

in Jewish EducationBJE: Builders of Jewish

Education, Los Angeles, CA

THE CHALLENGE• In 2007 The Jim Joseph Foundation asked BJE: Builders of

Jewish Education, (BJE) to develop a grant proposal targeting high school middle income affordability

• The first task was to define Middle Income Affordability - families in need of financial assistance to send kids to a Jewish high school but who previously had not been considered for financial aid

• At that time, most LA school’s would not consider families earning over $150,000 for Financial Aid

• In defining Jewish middle income it was critical to be able to substantiate the parameters for the grant

CALIFORNIA BUDGET PROJECT• Report from the California Budget Project (CBP) “Making Ends Meet: How Much Does It Cost

to Raise a Family in California” December 2013: http://www.cbp.org/pdfs/2013/131212_Making_Ends_Meet.pdf

• Part of the State Fiscal Analysis Initiative (SFAI), a network in 40 states coordinated by the Center on Budget and Policy Priorities (CBPP) in Washington, DC.

SFAI: http://www.statefiscal.org/ CBPP: http://www.cbpp.org/

• All of the groups look to improve fiscal, budget, and economic policy outcomes for low- and middle-income individuals, families, and communities.

• There is also a loosely coordinated set of groups that calls itself the Economic Analysis and Research Network (EARN), led by the Economic Policy Institute.

EARN Network: http://www.earncentral.org/about.htm Reports by State: http://www.earncentral.org/swx_past.htm

Sample report for Arizona: http://www.azchildren.org/MyFiles/PDF/State%20of%20Working%20AZ%202008%20FINAL%20(Low%20Res).pdf

Economic Policy Institute: http://www.epi.org/

• All organizations work independently, but across the networks they coordinate their efforts and learning

2007 DATA

and 2 children

ADAPTING FOR JEWISH COST OF LIVING• Discussion with schools (lay and professional

leadership) re: Jewish values that would increase costs• Living in a Jewish neighborhood• Synagogue membership• Jewish day or residential camp/Teen Israel trip• College savings• Retirement plan• Tzedakah

• Compared data with financial aid sampling from the 5 schools to verify

and 2 children

Initial LA analysis 2007: Compared data with sampling from the 5 schools to verify accuracy

2013

COMMUNITYCOMPARISON

LOS ANGELES VS. CHICAGO

WWW.LAHIGHSCHOOLAFFORDABILITY.ORG

HTTP://WWW.SUSTAININGDAYSCHOOLS.ORG/BUILDING-THE-MODEL/LA-HIGH-SCHOOL-AFFORDABILITY-INITIATIVE-MODEL-AND-DESCRIPTION/MODEL-COMPONENTS/SCAFFOLDING-FOR-IMPLEMENTATION/

RESOURCES• Report from the California Budget Project (CBP) “Making Ends Meet: How

Much Does It Cost to Raise a Family in California” December 2013: http://www.cbp.org/pdfs/2013/131212_Making_Ends_Meet.pdf

• Calculator from CBP by county: http://www.cbp.org/MakingEndsMeet/family-budget-results.php

• Comparison 2007 to 2013: http://

www.sustainingdayschools.org/wp-content/uploads/2013/12/Cost-of-Jewish-Living-Sheet1.pdf

• To compare the basic costs in your city to those in Los Angeles: http://money.cnn.com/calculator/pf/cost-of-living/ http://www.bestplaces.net/cost-of-living/ http://www.bankrate.com/calculators/savings/moving-cost-of-living-calculator.aspx

• BJE LA websites: Tuition calculator: http://www.bjela.org/hsgrant/ LAHSAI Beta test: www.LAHighSchoolAffordability.org

THANK YOU TO OUR GUEST!

Miriam Prum HessDirector, Center for Excellence in Jewish

EducationBJE: Builders of Jewish

Education, Los Angeles, CA

[email protected]

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NEXT STEPS: CONTINUING THE CONVERSATION

Branding Your School for Distinctiveness and SuccessA joint webinar with the Admission CoPThursday, March 20, 2014, 1 pm ESTLaura SheridanPresident, Viva La Brand

Financial Aid in a Sustainability ModelThursday, April 10, 1 pm ESTMark Mitchell Vice President, School and Student Services (SSS By NAIS)National Association of Independent Schools

Please RSVP for all webinars by emailing Charles Cohen at [email protected]

NEXT STEPS:UPCOMING CALLS

Thanks!