PRINCIPLES OF THE WSW’S FINANCIAL MODEL
- In order to function properly and fulfill its mandate, and be able to engage in proper financial planning and management, the WSW emphasises the need for full fees from every learner from kindergarten to high school.
- The WSW does not strive to be an elitist school over time. At all times, it strives to be open to all. In the event that parents are only able to pay a small percentage of a child’s fee, great care is taken to emphasise the need for the top-up amount to be secured in some other way. To this end, the WSW engages in various fundraising activities from private and corporate persons in Namibia and Germany to ensure the financial needs of the student and school are adequately met. The emphasis, however, remains that school fees must be paid if and when they are due, and any shortfall must be adequately covered by individual and group fundraising efforts.
- The WSW strives to create an Education Assistance Fund for students in need. However, at present, this fund is still in the early stages of its creation and, thus, cannot be relied on at present.
- Furthermore, the WSW seeks to engage in various enterprises to generate revenue through its own activities for its own benefit to better secure its sound financial standing.