Article: Starting a college requires a lot of funding to pay for facilities, faculty, staff, and an assortment of other costs. You can hold a fundraising event to try to raise money to cover the startup costs of starting a college. Organize a fundraiser by seeking out volunteers and soliciting sponsors to help organize and run the event as well as donate to your cause. Start an online fundraiser on a site like GoFundMe to raise money to start your college. Many colleges rely on wealthy donors and foundations to provide endowments that allow them to run their day to day operations. You can organize a meeting with a wealthy foundation and present your idea for a college in the hopes of securing an endowment to fund your college. Contact foundations that support educational programs to set up a meeting. If you are granted an endowment to start a college from a foundation, it's likely that the funds will be overseen by a board of trustees who hold decision making power over your college. A for-profit college, that is, a college that seeks to turn a profit rather than re-invest any profits back into an endowment, has investors rather than donors. A solid business plan would demonstrate how you plan to turn a profit with your college so you can use it to attract potential investors to help you raise the funds to start your college. Contact investment firms to set up a meeting so you can present your business plan for your college. Many online colleges, such as DeVry University and the University of Phoenix, are for-profit colleges.
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Hold a fundraiser to raise money to start a college. Pitch your college idea to foundations to get an endowment. Put together a business plan to start a for-profit college.