Education Foundations Switching Gears Not Just Scholarships Classroom Grants Fiscal Administration Before/After School Programs Public/Private Partnership Great! But, How?
Switching Gears Classroom Grants Putting the $ to work IN your schools How to get started? 1. Resources/Funding Unrestricted $$$ Other sources? Memorial Funds Reunion Classes Contributions from Staff
Switching Gears Classroom Grants 2. Process Application Purpose/Guidelines/Numbers Review Blind/Administration/Committee Disbursement How/When Other Requirements Evaluation/Consequences
Switching Gears Classroom Grants 3. Flexibility & Adaptation Your schools needs A work in progress Early submission review Technology department Workshop Build slowly Staff support Public awareness
Switching Gears Booster Clubs can be member organizations under the umbrella of the Foundation Tax-exempt status for donors One audit and/or tax return Centralized financials More checks and balances, less liability
Switching Gears Before/After School Programs A Business Model The CB Community Education Foundation operates a Before and After School Child Care Program called Kids & Co. Our mission at Kids & Company is to provide supervised activities that nurture your child's mental and social development. With an array of activities as diverse as each individual child, Kids & Company is sure to have something for everyone! Whether its arts and crafts, clubs, field trips, quiet study time or our awesome Summer Adventure Program, Kids & Company offers your child the chance to grow and learn in and environment that is as educational as it is fun!
Switching Gears Before/After School Programs It is a fee for service model. We operate in 9 Elementary Schools in the District. We serve between 500 & 600 youth in the District. It is convenient for parents and safe environment for youth!
Switching Gears Public/Private Partnership
Switching Gears Public/Private Partnership No bond needed to build a softball field on campus No bond needed to build a new playground No bond needed to develop a state-ofthe-art instructional house for special education students No bond needed to install field turf New Scoreboard? No sweat!
Switching Gears Public/Private Partnership School and Community Donors agree on a project What will district fund? What will donors fund?
Switching Gears Public/Private Partnership $390,000.00 $400,000.00 $1,380,000.00 $150,000.00 $651,865.00 $510,000.00 Staffing 3 years - grants, in progress Staffing 3 years - GIPS, complete Scholarships Acquired - Education Foundation Purchase Building - GIPS, complete $1,000,000.00 Phase 1 Construction - GIPS, complete Phase 2 Construction - GIPS, in progress $5,775,000.00 Specialized Instructional Equipment - Community Donors, in progress Scholarships Needed
Great! But How? Organizational Structure Foundation is separate legal entity or a fund of a separate legal entity Foundation Board made up of Community Leaders Foundation Board and School Board Overlap? Does Superintendent act as voting member of the Foundation Board? School Gifts Policy and Other Support
Great! But How? Organizational Structure Does the Foundation need staff? Foundation Staff turn the lights on every day and establish credibility How do we grow into a financial position to be able to pay staff? DREAM, RISK, INVESTMENT
Great! But How? Organizational Structure $120,000.00 $100,000.00 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.00 Dollars Distributed to CPS by FY Scholarship Other Umbrella Board of Education made an investment in FY10. Committed $80,000 over 5 years to pay an Executive Director for the Foundation. In just two years increased program distributions by almost 300% added $2.93 in assets for each $1 the Board invested
Great! But How? Organizational Structure Grand Island Education Foundation Assets $5,000,000.00 $4,500,000.00 $4,000,000.00 $3,500,000.00 $3,000,000.00 $2,500,000.00 $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 $- FY00 FY02 FY04 FY06 FY08 FY10 FY12 Board of Education made an investment in FY04. Pledged $87,000 over 4 years to pay a Foundation Director Foundation has increased assets and capacity during the 9 years since Foundation has added $40.41 in assets for each $1 the Board invested.
Great! But How? Organizational Structure $3,749,677 $87,000 = $43.10 spent on STUDENTS for each $1 the Board invested (FY2004-FY2012).
Education Foundations Switching Gears
Education Foundations Switching Gears