EDUCATIONAL FOUNDATION
An education foundation is an independent non-profit organization established to receive and allocate resources that will serve to enhance the district's educational program. Through the foundation, donors can dedicate financial gifts or tax-deductible contributions of security, property, equipment, and/or contributions that will be utilized to enhance the district's educational program. The intent is to amass enough of a financial base to enable the foundation to draw off interest without ever touching the principle.
The Governor Mifflin Education Foundation is an independent, non-profit organization dedicated to seeking individual gifts and bequests and corporate gifts which can be awarded to support teaching deemed by the trustees to advance excellence in education and to be of mutual benefit to the school district and the local community. The intent of the board is to fund projects by drawing from the interest and not from the principle of the Foundation’s account.
Through its board, the Foundation solicits contributions in the form of property or direct financial support. In addition, the Foundation seeks contributions from a broader population base, including alumni, parents, students, and friends of the district. The district's staff has also been asked to support the Foundation's efforts by authorizing a contribution in the form of payroll deductions.
The Foundation is designed to enhance the district's educational program and will support exciting and innovative ideas that would serve to foster "cutting edge" approaches to learning. It is critical to note, however, that the Foundation would not utilize funds to subsidize that which the district's budget should finance (e.g., field trips, text books, general supplies, etc.)
Resources Links
RESOURCE LINKS
www.gmea.info
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