To ensure schools manage and administer philanthropic arrangements appropriately.
Schools are required to meet their legislative responsibilities and to achieve a high standard of public financial management and accountability.
The Department's Policy statement on public-philanthropic partnerships provides a governance framework for high-value philanthropic investments.
It articulates the:
- public resource management obligations that staff must fulfil when engaging with philanthropy
- key principles of behaviour staff must follow when dealing with philanthropists and not-for-profit organisations
- key collaboration and negotiation criteria that must be applied when engaging with philanthropists and not-for-profits to set up partnerships.
Offers for philanthropic engagements and partnerships for schools can take a variety of forms – they may come at a low level of contact through networking and information sharing, or they may be formal and highly structured proposals requiring agreements to reflect significant commitments from key parties.
A monetary threshold for such offers of $250,000 has been set for schools:
- below which schools may decide for themselves whether or not they wish accept the offer for a philanthropic engagement or partnership
- above which schools must refer the offer for a philanthropic engagement or partnership to their respective Regional Director, who will assume decision making responsibility.
This monetary threshold covers both financial and in-kind contributions proposed to be made by the philanthropist to a school.
The monetary threshold for philanthropic partnerships and investments reflects the Department’s need to:
- evaluate their impact on the educational outcomes for students across the State
- ensure they are in alignment with Government policy
- ensure they are managed and strategically leveraged
- avoid poor utilisation of this source of funding
- ensure project sustainability after they conclude
- keep financial and reputational risk to a minimum
- consider the level of influence which could be exercised by philanthropic partners.