(podcast) Hope for our Catholic Schools (Part I): An Overview of Economic Models

Catholic Education is one of the Church’s primary responses to Christ’s mandate to “Go unto all the nations, baptizing them in the name of the Father, the Son and the Holy Spirit – teaching them to observe all that I have commanded you.” Sadly, across the country, Catholic schools are closing or are on the brink of closing. As dioceses, parishes and religious orders face difficult economic challenges and decisions, the tremendous treasure of Catholic education is put at risk. But, says O’Meara Ferguson president and founder Patrick O’Meara, the difficult time facing Catholic education is “not upon us at this moment – it’s been upon us for the last thirty years.”

In part one of a five-part series on Catholic School Financing, O’Meara stresses the need to review the economic models for Catholic education in order to understand the changing environment and operating realities which have come about over the last 50 years. “We need to have economic models that exist for today,” O’Meara says, and in doing so, Catholic schools can not only exist, but thrive.

In the first podcast, O’Meara gives an overview of the following topics:

  • What is an economic model?
  • What are the various operating models used in Catholic schools?
  • What are the various capital models used in Catholic schools?
  • What criteria should be used to determine the best economic model for a Catholic school?
  • What are the appropriate goals for our school’s economic model?

In subsequent podcasts, O’Meara will discuss in greater detail the operating and capital models and will offer concrete suggestions for how leaders of a particular school can determine which model is best for its particular circumstances.

Click below to listen to Part I – You may listen to or download this podcast in full, or in three parts, whichever is more convenient for you.

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