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Feb 29, 2024 · Connie Matthiessen | February 29, 2024. Bankrx/shutterstock. Editor’s Note: This is the first in a two-part series about a wave of disruption and uncertainty in the world of education philanthropy. Here, we look at changes underway at major K-12 funders and how it’s impacting grantees.
- Connie Matthiessen
- Defining Cash Calls
- Understanding The Basics of Cutbacks
- Cash Calls vs. Cutbacks
- Avoiding Legal Disputes
When the operating partner in a joint venture anticipates future operating expenditures or foresees the need for additional capital contributions, the operating partner issues a cash call to the non-operating partners. In most cases the joint venture operating agreement signed by the partners at the time of its initiation includes provisions for ca...
According to the joint venture agreement, the operating partner may be obligated to pay the operating costs of the venture throughout a specified accounting period. At the end of the accounting period, the operating partner distributes an accounting of the operating costs to the partners, who then contribute their equity share of the expenses to th...
Most joint venture agreements cover both anticipated expenses and the unanticipated need for funds that may arise in the course of the venture's operation. Anticipated expenses covered by the operating partner during the accounting period and billed to the partners afterward -- cutbacks -- rarely test the joint venture. Other unanticipated expenses...
Problems arising from the operating partner's call to the non-operating partners for funds are minimized by the execution of a detailed joint venture agreement. The agreement can help the partners' understanding of the scale of future cutbacks by including concrete examples both where the needs may approach a minimum and where they may approach a m...
A cutback is a decrease in something, usually money. A state cutback in funding for education might result in larger classes and fewer field trips. During difficult economic times, money is scarce and cutbacks are almost inevitable.
The following are cutback strategies, categorized in terms of strategies that relate to issue salience, communication, anticipatory action. decisiveness, preparing the actual response and managing the journey in an ethical manner. Using Elements of Issue Salience. There are elements that can be used to promote the interests of an organization ...
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Sep 12, 2023 · 1. The learning crisis was made worse by COVID-19 school closures. Low quality instruction is a major constraint and prior to COVID-19, the learning poverty rate in low- and middle-income countries was 57% (6 out of 10 children could not read and understand basic texts by age 10).
Education and Skills. This is why many young people have no access to proper education. Jul 2, 2020. COVID-19 has meant millions of children are out of education. Image: REUTERS/James Akena. Share: Our Impact. What's the World Economic Forum doing to accelerate action on Education and Skills? The Big Picture.
Aug 20, 2018 · Cutback management can be defined as “managing organizational change toward lower levels of resource consumption and organizational activity” (Levine, 1979, p. 180). The challenge of cutback management is to balance short-term objectives of maintaining the organization’s budget with longer term goals such as maintaining or improving ...
