Third Source Funding/TSF

Third Source Funding, or TSF, began at Our Lady of Lourdes School over 16 years ago as a way for the school to meet its goals financially, but more importantly, to encourage our families to get involved with their children’s education.  By parents contributing their time to the school’s activities and events, we have been able to create a closer and interactive school community while offsetting expenses that helps keep our tuition affordable.

A family earns TSF hours for volunteering time in ways that either (1) generate fundraising dollars for the school, or (2) offset what otherwise would be school expenses if volunteers were not available to provide the service (i.e. lunchroom/playground).

Chaperoning field trips, helping in the classroom, or volunteering at extracurricular activities (like athletics or academic contests) are examples of services which do not count towards meeting the TSF hour commitment.  Any baking of goods for a fundraiser (one dessert – such as a plate of cookies, a pie, or a cake – equals one TSF hour) that directly benefits the school (i.e. not an athletic or other group fundraiser) is eligible for TSF hours up to a family maximum of 3 TSF hours per school year.

There are a number of ways to become involved, and earn TSF hours at Our Lady of Lourdes School.  Each year TSF hours will start accumulating in 0.5 hour increments beginning June 1 and ending May 31 of that current school year.  All TSF hours start over each year, there is no carry over.

A Site Advisory Council member will be assigned to each school family for the purpose of communicating school activities and for keeping track of all TSF hours earned.  The Site Advisory Council will exempt families from the program due to extenuating circumstances.    The Site Advisory Council will be able to provide regular updates to school families on their status towards reaching their TSF requirement.  Please reference the TSF eligible activities located at the bottom of this page.

The Early Childhood TSF hour commitment:

  • Early Childhood family (with no children in grades K-8) = 5 hours
    • Any hour(s) not completed by May 31 will be billed at a rate of $20/hour around May 18, 2018.

The K-8 TSF hour commitment:

  • 1 child family (K-8) = 15 hours
  • 2 child family (K-8) = 20 hours
  • 3+ child family (K-8) = 25 hours

Unfulfilled TSF hours will be billed at a rate of $20/hour for the first ten hours and $25 for each additional hour up to family commitment.   The unfulfilled hours will be billed around May 18, 2018.  The charge for remaining hours will be treated as delinquent tuition.

Any questions regarding TSF hour eligibility of a certain program, service, or activity should be directed to the Site Advisory Council Chairperson.

List of 2017-2018 Volunteer Activities – TSF Eligible

Our Lady of Lourdes Key Event: Night of Keys ~ Volunteer Signup