Product Index
Post-Secondary

Weaves together multiple sources of funding including state, federal and private streams

Overview

Goals: Braided Funding is the weaving of multiple sources of funding including state, federal and private streams. Accelerated Opportunity has “state teams” and “college teams,” comprised of different stakeholders involved in the initiative. The goal of the toolkit is to support the state and college teams by helping them find (and sustain) various sources of funding to help build career pathways for their students.

Approach: The Braided Funding Toolkit is a set of resources that include strategies, case studies and templates to enable groups to implement a braided funding approach. The toolkit has four sections: Funding Streams, Funding Strategies, Assessment, and Innovative Ideas. The sections can be used as a support when building a braided funding model. Additionally, there is a template called the “Work Plan,” which helps braided funding teams think through their members, partnerships, and needs, and to create a plan for moving forward.

Pricing: The toolkit is free for all users.

Who is Using It: The toolkit is primarily used by state and college teams that are part of the Accelerated Opportunity initiative. However, others can benefit from it as well, including individuals in the workforce, postsecondary and adult education fields working to increase success for adult education students.

Product Brief

Goals

Braided Funding is the weaving of multiple sources of funding including state, federal and private streams. Accelerated Opportunity has “state teams” and “college teams,” comprised of different stakeholders involved in the initiative. The goal of the toolkit is to support Accelerating Opportunity state and college teams by helping them find (and sustain) various sources of funding to help build career pathways for their students. Additionally, the toolkit aims to combat the recent cuts in federal workforce and education funding by providing resources so that innovative programs can find funding.

Approach

The Braided Funding Toolkit has four sections: Funding Streams, Funding Strategies, Assessment, and Innovative Ideas. The sections can be used as a support when building a braided funding model.

Funding Streams

This section of the toolkit compiles existing federal, state and private funding streams that Accelerating Opportunity teams use when building braided funding models to support their students by building career pathways. These include things like the Workforce Investment Act, Temporary Assistance for Needy Families and the Carl Perkins Grant. This section is customized (for each state), but there are 13 or more streams in the toolkit for each state.

Funding Strategies

This section describes other potential funding streams, so that Accelerating Opportunity team members can go beyond braiding existing funding streams and begin to think outside the box. This includes reducing costs, raising new revenue or redirecting existing revenue. Examples include using fee waivers or online technology to reduce costs. There are 10 strategies in this section of the toolkit, and a few additional strategies in the “Innovative Ideas” section.

Assessment

The assessment section of the toolkit is an interactive tool that allows users to decide on how each stream and strategy will be used. It also supports the identification of challenges with braided funding models, allowing users to problem solve. It includes guiding questions to support this process.

Innovative Ideas

This section of the toolkit is a database holding streams and strategies that have already been developed and used by Accelerated Opportunity team members. It includes case studies and specific examples from real state and college teams.

Work Plan

In addition to the four sections, the Braided Funding Toolkit also has a “Work Plan,” which is a template that allows teams to think through their members, partnerships, and needs, and to create a plan for moving forward. It has fields to fill in names of team members, their roles, the mission of the team, and 3-5 braided funding priorities.

Business Model and Pricing

The Braided Funding Toolkit is free for all users. Individuals must sign up. To request access to the toolkit, please contact Lexie Waugh at Jobs for the Future at awaugh@jff.org.

Who is Using It

The toolkit is primarily used by state and college teams that are part of the Accelerated Opportunity initiative. However, others can benefit from it including individuals in the workforce, postsecondary, and adult education fields working to increase success for adult education students. The toolkit is available to anyone working in public adult education at the state and local levels, as well as organizations supporting public adult education.

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PRODUCT ATTRIBUTES

Audience

Adult Learning Adult Learning