November 2013 Preparing today s students for tomorrow s challenges

Transcription

1 Education Foundation of PBC November 2013 Preparing today s students for tomorrow s challenges

2 Mission Statement & Brief History Advancing excellence in Palm Beach County's public education by increasing public awareness and inspiring community and business support for programs focused on Learning, Literacy, and Leadership. The Education Foundation was founded by a group of business leaders and incorporated as a 501(c)3 in 1984 and operated under the Economic Council until Through a joint resolution with the School District, the Foundation became a support organization. This gave approval that, as a Florida not-for-profit corporation, the Foundation would be organized and operated exclusively to receive, hold, invest, administer property and make expenditures for K-12 public education in Palm Beach County.

3 Board, Staff, Committees Mary Kay Murray Executive Director Tracy L. Rudnick Director of Programs & Grants Maria Velez Administrative Assistant Committee Structure Executive (Chair Max Macon) Finance (Chair Val Perez) Programs & Grants (Chair Julie Littky-Rubin) Fund Development (Chairs Penny Rodgers & Kelly Sobolewski) Nominating (Chair Michael Kohner) Audit (Chair Marty Cass) Dwyer Awards (Co-Chair Val Perez)

4 Our Budget Request Additional funding, in the amount of $90,000 annually, for two years Funding will help the Foundation bring on a Development Director Development Director will help increase community awareness and fundraising efforts for the Foundation (especially with the business community and within the District itself)

5 School District Partnership The Foundation works closely with the District to understand each other s priorities & identify specific initiatives for working together (program development, public awareness campaigns, etc.) School District Goals 1. Student First Philosophy (instructional models for critical/analytical thinking, mentoring, life skills, equitable outcomes, choice/career/technical programs, etc.) *** 2. Family Matters (engage parents/caregivers, make schools family-friendly, train principals/teachers to maximize interactive opportunities, campus volunteers, etc.) 3. Qualified & Highly Effective Workforce (leadership development, succession planning, professional development, resource allocation, etc.) *** 4. Efficiency & Accountability (streamline/reduce levels of bureaucracy, redistribute savings, conduct financial audit, facilities that are safe & encourage learning, school funding parity, etc.) 5. Community Engagement (volunteerism, engaging partners & demonstrate ROI, acknowledge/reward participation, mentors/role models, community support for principals w/ professional development, mutuallybeneficial opportunities w/ community, advisory council, etc.) *** 6. Communications Campaign (illustrate the successes of the District as well as recognize the performance gap and unmet needs within the District, promote a message of success and continued efforts to achieve the District s mission to attain its vision) ***

6 Programs & Grants The Foundation leverages relationships to create partnerships with businesses and funders that affect students in the classroom and strengthen cooperation between the private sector and our public schools. 1. ARTS in Education 2. Beginning Teacher & Mentor Teacher of the Year Award 3. Career Education 4. Citi Building Bridges to College & Career Initiative 5. Distinguished Alumni Awards (our annual fundraiser) 6. Dwyer Awards for Excellence in Education (in partnership w/ Economic Council) 7. Leadership Institute 8. License for Learning Mini-Grants 9. Literacy Achievement Initiative 10. Mission Graduation 11. Winner Scholarship Fund 12. Numerous Pass-Through Opportunities

7 Fundraising Revenue Streams Grants (programs, unrestricted, pass-through admin fees) School District support (salaries/benefits and in-kind) State Matching Grant funds Donations (corporate, individual) Support Education license plates Teacher payroll donations Special events, such as the Distinguished Alumni Awards Awareness / fundraising events Legacy gifts / planned giving Other ideas / opportunities

8 State of Florida School District Education Foundation Matching Grant Program: A Proven Strategy for Increasing Private Sector Investment and Involvement in Florida s Public Schools Contributions are matched dollar-for-dollar to fund locally developed initiatives in one or more of the eligible programmatic areas: Literacy Low Performing Students Career/Technical Education Teaching Quality STEM Education (Science, Technology, Engineering and Math) Increasing Graduation Rates The School District Education Foundation Matching Grant Program, adopted by the Florida Legislature in 2000, is a cornerstone of the success of Florida s local education foundations. It is an integral component of our strategy to increase private-sector interest, involvement and investment in advancing student achievement in our schools. Current legislation specifically states that the funds are provided as challenge grants to public school district education foundations for programs that serve low-performing students, technical career education, literacy initiatives, Science, Technology, Engineering, Math (STEM) Education initiatives, increased teacher quality and/or increased graduation rates. The amount of each grant shall be equal to the private contribution made to a qualifying public school district education foundation.

9 History of Revenue/Support Education Foundation 5-Year Financial History $1,000,000 $900,000 Unaudited # $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 Revenue/Support School District Support State Matching Grant Funds YE Unrestricted Funds $200,000 $100,000 $- Unaudited # Total revenues are recovering post-recession; State Matching Grant funds are at an all-time high School District support (salaries/benefits and in-kind) has been flat over time Return On Investment for the School District is excellent Raising unrestricted funds has been a challenge post-recession

10 Palm Beach vs. Broward EF of PBC Broward EF # of Students in District 175, ,000 # of Employees in District 21,000 30,000 Foundation Staff (FTE s) Revenue/Support $865,764 - $644,848 - $784,342 - $2,001,684 - $2,684,172 - Unknown $ Raised via SD Employee Payroll Deduction ( ) $17,100 $149,000 # of SD Employees Giving via Payroll Deduction (either 1x or bi-weekly)

11 Addition of a Director of Development Staff does a good job of identifying/obtaining/executing programs/grants in coordination with the School District Number of programs, including pass-through opportunities, limits staff time to focus on general fundraising The need for a Director of Development to help raise unrestricted funds, as well as additional restricted funds for more programs/grants, is crucial for sustainability and growth of the Foundation Asking for 2-year commitment for support from the School District, in the amount of $90,000 annually

12 Questions? Preparing today s students for tomorrow s challenges