FINANCE HOMEWORK HELP
Running Head: PROJECT PROPOSAL 1
PROJECT PROPOSAL 7
Request for proposals Competition #6
Promoting Study abroad partnerships for innovation and collaboration
Submitted by
Name
Course
Email Address
University
Proposal Outline
During the recent past, through its desire to take part in inter-universities and colleges programs to promote encourage more international students doing their studies here. The university of Algarve has, through numerous sponsors and other important financiers become a success, among which the Partners of the Americas, through financing bodies such as the Santander Bank, a founding circle partner stands highest. This has mainly been achieved through the shared common objective- the promotion of studies within and outside the United States of America. The relationship between these two bodies has grown stronger, in the wake of President Obama’s call for the initiative reading, ‘the 100,000 strong Americas’ that seeks to enhance international exchange between universities and colleges. The university is committed to continue being associated with Santander Bank in the foreseeable future. This is the first attempt to seek its financial services from such a financing body
General Outline
Introduction
The Partners of the Americas, through Santander Bank and its affiliate project financiers have become a driving force, fully integrating with various non profit making organizations to foster growth as well as international participation between schools, ensuring that full institutional engagement is achieved in the short run between students partnerships in the United States Higher Education Institutions and beyond the region. The education oriented initiatives spanning the American nation and others like Mexico remains one of its own, a case where for instance through the Deutsche Bank Americas Foundation ensures that institutions, nonprofit making or otherwise have been placed to benefit a sizeable amount of grants through the initiative which targets, to a greater extend, citizens from The New York and Mexicans as well.
The Project Description
The United States of America is richly inhabited by various groups with distinct objectives, one of the main being studying. The number of students attending schools has ever recorded an upward growth curve ever since, thus the intermingling between students of distinct colors, religions; blood relations should never be a problem, in any case. This University remains committed to ensure coordinated leadership support throughout the United States and abroad by creating equal opportunities for all students irrespective of where they come from. To achieve this, there is the financial aspect which remains a stumbling block, thus exploring financial assistance chances is ever relevant, mainly because all these moves to achieve this objective have financial consequences. Some of the procedures are establishing customized offices abroad to coordinate the institutional affairs, analyzing program improvement measures that will broaden the chances of students from abroad freely accessing education in this esteemed institution. Other measures incorporates the coordinating with oversees universities to facilitate an easier way of credit transfer for students taking part in oversees study programs.
Goals, Objectives, and Tasks
The university management believes that any chances of successful funding will play an integral part in meeting the tasks that have a financial impact. Basically to ensure that every move the education institution takes thrives, financial goals must be met first. Among the areas that will be streamlined include credit transfers, meeting the safety and security standards and concerns for the students coming through the university programs, streamlining the marketing and communication demands, smoothening the involvement of the university students in various exchange programs, as well as launching campaigns that create awareness to those starved with the information. The solid task faced by the institution is to make sure that all the programs undertaken have one objective; the inclusion of all populations to this program which stretch past the borders.
Budget and Finances
For a successful undertaking of the project above mentioned, the university has come up with a budget of $ 999,845 spread as follows:
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|
Budget Item |
Amount |
Sub- Total |
|
a |
Personnel & Project Participants |
|
|
|
|
7 Academic Units each $ 2,000 |
$ 14,000 |
|
|
|
9,708 Students Each $ 80 |
$ 776,640 |
|
|
|
1,242-1st Cycle Graduates, each $10
|
$ 12,420 |
|
|
|
159-2nd Cycle Graduates each $10
|
$ 1, 590 |
|
|
|
32-Doctoral Graduates, each $10
|
$ 320 |
|
|
|
820-Teachers /Researchers each $15
|
$ 12,300 |
|
|
|
9-Researchers- each $30
|
$ 270 |
|
|
|
387-Teachers with PhD each $30
|
$ 11,610 |
|
|
|
452- Non-Teaching Staff $15
|
$ 6,780 |
$ 835,930 |
|
b |
Structures/Rentals |
|
|
|
|
4 Campuses, 4 Libraries, 7 Research units, each $2000 |
$ 30,000 |
$30,000 |
|
|
7 Exchange Programs Each $500 |
$ 3, 500 |
$ 3,500 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
|
$ 869, 430 |
|
|
Miscellaneous @ 15% |
|
$ 130,415 |
|
|
|
|
|
|
|
TOTAL REQUEST |
|
$ 999,845 |
Budget Explanation and Summary
The financial budget stated above is clear that the personnel has the biggest share of the budget a total of $ 835,930 that incorporates the people those responsible for the project implementation, coordination and supervision as well as planning. It should also be highlighted that other project participants will also be allocated some facilitation fees, travel expenses and food, among other essential project finances. Among them are students participating in the study programs abroad for a span of time, most probably a semester. The targeted university will also be absorbed in the budget. The other important costs are associated with material structures and other supplies as well as 7 exchange programs planned for this year only, which in total amount to $ 33,500, plus other unmentioned costs which may cover expenses occurring during the project course. The miscellaneous is allocated 15% of the total expenses covering $ 130,415.
Presentations
“Fundamentals of Short-term Education Abroad Programming,” NAFSA Region VIII conference, November 2011
“Forum BEVI Working Project,” Forum on Education Abroad annual conference, April 2011 “BCA and Campus Internationalization,” Bluffton University Cross-Cultural Committee, October 2007
“Incident Reporting,” “Crisis Management Procedures” and “Using International SOS,” BCA Resident Director Meeting, June 2007
“BCA and Campus Internationalization,” Elizabethtown College Trustees, April 2007
“Health, Safety and Helicopter Parents,” BCA Campus Internationalization Meeting for Pennsylvania Colleges and Universities, March 2006
“Prozac Nation,” PACIE (Pennsylvania Council for International Education) Conference, September 2005
Numerous marketing presentations to faculty, students and administrators at U.S. colleges and universities