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Real-Life Math

The annual expenses for your synagogue total $930,000. For the coming year, you expect to raise only $800,000. About $450,000 of this will be from dues (the money people pay to join the synagogue). Another $350,000 of it will be earned with fund-raising.

Somehow, you need to raise some extra money. Along with the leadership of the congregation, you need to work out a plan.

  1. By what percentage would you need to raise dues to meet your budget?
  2. By what percentage would you need to increase fund-raising to meet your budget?
  3. If you raised dues by 10 percent, how many more dollars would you need from fund-raising?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.