ERIC Number: ED307717
Record Type: RIE
Publication Date: 1989-Mar
Reference Count: N/A
Establishing a Local Education Foundation.
Pressley, James S.; Markland, Maureen S.
This paper describes the process of establishing local education foundations for the purpose of raising revenues to supplement, not supplant, existing school programs. Plans to identify funding sources and define the purpose of the foundation tied to student and academic achievement must emerge in order to solicit private individuals or groups, organize special community events requiring a fee, conduct a membership drive to enlist support and money, and seek capital from large foundations (corporations, financial institutions, and industries). Foundations should be legally incorporated entities qualifying for tax-exempt status so that donors can receive tax benefits from their gifts. The community shouldd be informed via press and media releases that clearly state the goals of the foundation. Prominent members of the community should serve as directors of the foundation, and the directors should set a clear annual agenda, subject to school board approval, that delineates the type of funds, types of donations, and types of donors in which the foundation is interested. The recruitment of financial experts to the board of directors will ensure appropriate investments. (JAM)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Annual Meeting of the American Association of School Administrators (Orlando, FL, March 3-6, 1989).