ERIC Number: ED375476
Record Type: Non-Journal
Publication Date: 1992-Nov
Reference Count: N/A
Public School Endowment Funds: Starting, Developing, and Profiting.
Endowment funds, created from private donations, have recently become a new funding source for public schools. Once endowed, these funds provide schools with extra monies that earn interest until they are needed. This publication describes how to start, develop, and profit from public school endowment funds. Initial considerations in setting up an endowment fund include tapping an individual leader, adopting an enabling school board policy, selecting a steering or planning committee, and writing a statement that clarifies the need for private support. Suggestions are also offered for organizing the incorporation paperwork, developing a timeline, selecting a board of directors, following the principles of fund raising, seeking donations from various sources, investing the funds, and disbursing the funds. Key ingredients in successfully forming a school endowment fund include beginning with singular leadership, involving others, completing the paperwork, raising funds, and remaining patient and visionary. Contacts for information on existing public school endowments or foundation funds in Illinois are listed. Appendices contain sample articles of incorporation and sample by-laws. (LMI)
Descriptors: Donors, Educational Finance, Elementary Secondary Education, Endowment Funds, Financial Support, Fund Raising, Income, Investment, Money Management, Philanthropic Foundations, Private Financial Support, Public Schools, School Funds, Trusts (Financial)
Illinois Institute for Rural Affairs, Western Illinois University, 518 Stipes Hall, Macomb, IL 61455.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Sponsor: Illinois State Office of the Lieutenant Governor, Springfield.
Authoring Institution: Western Illinois Univ., Macomb. Illinois Inst. for Rural Affairs.
Identifiers - Location: Illinois