Distributed Funding System (tm)
This is a description of my idea called the Distributed Funding System.
First recommended in a PBL project at McMaster University, I created this system to manage and organize raising funding for major projects at locations with large amounts of temporary sources of funding without burdenning one generation of source, and rather distributing the cost among many generations of sources. The example below is an excerpt from my first copy of my portion for the PBL project at McMaster university:
"A modest 3% increase in student tuition and fees based upon a $5000 average with 16000 undergraduate students would result in a raised funding of $2,400,000, which would easily cover the expenses and provide a surplus for unexpected costs. The burden on one student may be seen as a sizeable investment at $150 and so the fees would be raised in a weighting program so that students leaving the next year do not pay as much and receive no benefit. For this reason, fourth year students (3000 students) would be charged 25% of the $150 fee, 2nd (3000 students) and third years (4000 students) would be charged 100% of the fee, and First year students (6000 students) would be charged 137.5% of the fee at $206.25. Each year, the incoming students would be charged a reducing fee while previous years would receive credit towards tuitions and fees. In this manner, the university will have collected all the funds in one year but will not have burdened only the students currently attending, but future students as well. The end target would be to have each student have a net investment of $37.5 (25% of the fee) in total after their four years at McMaster university."
In this way, no student would pay more than $37.50 dollars, but the university could raise all of its funding in just one year of tuitions and fees.
The term Distributed Funding System and the method that it employs (at any percentage of costs, not just 25%) is the intellectual property of Corrado Richard Cioci.
Written By: CR Cioci, October 26th, 2008.
