What does "self-funding" mean in a school context?

In the context of a school, "self-funding" refers to the ability of the institution to generate its own revenue through various activities. This revenue can come from sources like tuition, fees for extracurricular programs, fundraising events, partnerships with local businesses, or grants from private foundations. By engaging in these revenue-generating activities, a school does not solely depend on external funding sources like state tax dollars or government grants, allowing it to have greater financial independence and flexibility in its budget and initiatives. This is particularly important for schools looking to enhance their programs and provide additional opportunities for their students without being limited by the constraints of traditional funding methods.