PCSAS's annual operating budget of more than $300,000 is modest when compared to the budgets of other such agencies. Nevertheless, generating financial support for this new accreditation system presents a challenge. Expenses that must be covered include administrative personnel; travel costs associated with Board of Directors' meetings and with the Review Committee's meetings to evaluate accreditation applications; the cost of site visits to applicant programs; and the basic overhead costs of operating the corporation (click here for PCSAS's annual budget).
During the initial start-up, PCSAS could not possibly generate enough revenue from its accreditation activities alone to cover these costs. To meet its budget goals, PCSAS initially depended on the generous underwriting support of educational institutions, individuals, corporations, and granting agencies who share PCSAS's values and support its mission:
1. Founders' Circle Fund: For Universities. PCSAS invited all universities sympathetic to the organization's mission of advancing public health through the promotion of science-centered education and training in clinical psychology to join the PCSAS Founders' Circle by contributing to the Founders' Fund.
The Founders' Fund represents a "pay forward" approach to building a financial foundation for PCSAS over the start-up period. To become a member of the Founders' Circle, a university was asked to pledge $15,000 per year for five years to the Founders' Fund. Seventeen universities joined the Founders' Circle. In addition, PCSAS has received financial support from the Academy of Psychological Clinical Science (PCSAS's parent organization), and from other generous donors.
To date, these seventeen pioneering universities pledged financial underwriting support for PCSAS:
Pledges to join the Founders' Circle provide critical support to the ultimate success of PCSAS. As the number of accredited programs increases over time, PCSAS should become self-supporting through application fees and dues. Until then, however, science oriented universities are encouraged to step up and support PCSAS by joining the Founders' Circle.
FAQs ABOUT THE FOUNDERS' CIRCLE FUND: Here are some common questions about the Founders' Fund
Q. Why should a university care about PCSAS and why should it consider contributing?
Q: How will the Founders' Fund be spent?
Q: What do Founders' Circle members receive in return for contributing to the Fund?
Q: How will PCSAS support itself at the end of the start-up period?
Q: What if fundraising efforts fall short, either initially or in the long term?
Q: Will doctoral programs be forced to choose between APA and PCSAS accreditation?
Q: How does an institution pledge its support and join the Founders' Circle?
2. The Patrons' Fund: For Private Individuals and Personal Estates. Individual donors who share the values and goals of PCSAS and wish to offer financial support may contribute at whatever level their personal circumstances permit. Personal donations to PCSAS are tax deductible, within the limits of the current tax code. Donors who express a wish to remain anonymous may do so. Otherwise, PCSAS will publish an annual report in which it acknowledges donors and expresses its gratitude. The annual report recognizes five levels of contributions to the Patrons' Fund:
Crystal=donations up to $999.
Larger contributions to PCSAS would receive a distinctive recognition beyond these categories. All donations from private contributors or personal estates may be designated for use either to help underwrite PCSAS's annual operating expenses or to help build PCSAS's Endowment Fund. Potential patrons also are encouraged to consider making future donations by including PCSAS in their estate plan.
Contributions should be sent to:
c/o Alan G. Kraut, Executive Director
PCSAS is grateful for all past contributions to the Patrons' Fund (2009 to 2016; * donates contributions in multiple years). PCSAS especially acknowledges and appreciates the generous contributions it received in 2015 in remembrance of Richard Bootzin:
Crystal: David Barlow; K. Berkowsky; Peter Herman & Janet Polivy; Greg Miller
Silver: Sarah Brookhart*; Don Fowles*; S. Weinstein
Gold: Richard M. & Kathleen J. McFall*
Platinum: Alan G. Kraut & Jane A. Steinberg*
3. Benefactors' Fund: For Corporations and Institutions. PCSAS also is eager to tell its story to the business community and other entities that may have an interest in contributing funds to the improvement of public health and to promoting science-centered education. These gifts may be eligible to be treated as tax deductible, within the applicable tax code and individual circumstances.
4. Grant Funds: Finally, PCSAS is interested in possible grant support from federal agencies, from private foundations, and from other sources of grant support.
Summary: PCSAS must rely on a patchwork of funding sources for the resources it needs to cover its operating costs. Although it will generate increased revenue over time through its accreditation activities, it is unlikely that these funds alone will be sufficient to cover PCSAS's operating costs for some time yet. Thus, the Academy of Psychological Clinical Science has pledged to provide supplemental financial support. In addition, universities and individuals already have begun to step forward with pledges of financial and "in kind" support. However, it would ensure the organization's long-term survival if it built an endowment of sufficient size to yield a return that will sustain the enterprise indefinitely. Financial support from institutions and individuals is critical to PCSAS's future success.For additional information about PCSAS's finances, please contact Alan G. Kraut, PCSAS Executive Director (firstname.lastname@example.org).
Last update: 02/5/2017