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New Study And Online Tool Address Critical Knowledge Gap In Out-Of-School Time  2/13/2009

The Study, Commissioned by The Wallace Foundation from The Finance Project and Public/Private Ventures, Offers New Knowledge and Tools for Policymakers to Use in Planning for Quality Out-of-School Time Programs
New York, N.Y., January 27, 2009 –To assist policymakers, providers and funders, The Wallace Foundation releases today one of the most comprehensive studies to date analyzing the costs, funding streams, and expenditures of a wide range of high-quality out-of-school time (OST) programs, accompanied by a companion online calculator that generates cost estimates for specific programs.
“We commissioned this research to fill a critical knowledge gap – accurate data about the full cost of providing high-quality out-of-school time programs,” said M. Christine DeVita, president of The Wallace Foundation. “This study provides the field, for the first time, with comparable cost data on a wide variety of high-quality program types. Especially at a time of great fiscal challenges, we hope it will allow state and city policymakers, funders, providers and their partners to make more informed decisions about how to sustain and support the kinds of high-quality programs that we know produce the greatest benefit for children.”
Wallace funded the study, The Cost of Quality Out-of-School-Time Programs, as part of an initiative that aims to help develop citywide approaches to provide more children access to high-quality out-of-school time programs. The study and online cost calculator, along with many other research reports, is available without charge at The Wallace Foundation.