Transcript Mid-Atlantic Consortium of Education Foundations

Pennsylvania Consortium
of
Education Foundations
March 2011
“It Takes a Community
to Educate a Child”
Pennsylvania Local
Education Foundations
• ~200 in the 500 School Districts
• 7 IU Foundations
What makes a
“Successful Foundation”
•“Financial Benchmarks” (“$20-$40 Rule”)
• 10 Ways to Build a Successful Foundation
• Paid Staff person
• Involved Superintendent
Why Foundations do not
meet their potential
Board of Directors
No vision or direction
Not run as a “business”
PA Tax Credit Program
(EITC)
•~100 LEF are eligible to receive $$$$$$
• 100 are not eligible
• Past 4 years PA LEFs have
generated >$10 Million
•How PCEF supports every local
education foundation
Why the EITC/EIO
Program is so important!
•Financial Situation facing EVERY
School District
•ONLY “Advanced Academic
Programs” can be approved
•Great way to solicit corporate
donations
• It is a “Corporate Perk”
Impact of Senate Bill 1
(SB1)
•The Position of School Foundations
•Next 4 months
Helping Small and Rural
School Districts
•History and Background
•Supported by IU’s
A 501 (C) (3)
Foundation Umbrella
Education
Foundation
Scholarships
Endowment
Educational
Programs
Alumni
•Educational Support Initiatives
•Scholarships & Endowment
•Athletic/Music/Art Organizations
•Business Partnerships
•Alumni
They would benefit from the tax-deduction status.
Business
Partnerships
Athletic
Music & Arts