GOT Kids Foundation Organizational Information Review A Report to the Board of Education July 5, 2011 Prepared by Facilities and Planning

GOT Kids Organizational Info Review GOT Kids Status Update Giving Opportunities To Kids (GOT Kids) registered and approved by State as Foundation name Implementation timeline developed and first steps underway July 5, 2011 GOT Kids Organizational Info Review

GOT Kids Action Item Overview Create a Name – DONE Draft Articles of Incorporation – UNDER REVIEW Draft Bylaws – UNDER REVIEW Appoint Directors* Apply for Employer Identification Number* Apply for Federal Tax Exemption with the IRS* Apply for California Franchise Tax Exemption* Register as Charity* Obtain other necessary local permits* Obtain non-profit mailing permit* * Pending approval of Articles and Bylaws July 5, 2011 GOT Kids Organizational Info Review

Issues In Need of Direction Number of Foundation Directors Number of Board Members to sit as Foundation Directors July 5, 2011 GOT Kids Organizational Info Review

Foundation Director Options Number of Foundation Directors Seven or Eleven Number of LUSD Board Members to sit as Foundation Directors Quorum of LUSD Board members in either Director scenario (4 - 6 LUSD Board Members) Quorum only of District representatives - including Superintendent/Designee - in either scenario (3 - 5 LUSD Board Members) July 5, 2011 GOT Kids Organizational Info Review

GOT Kids Organizational Info Review Next Steps Through consensus, give staff direction on Director membership options Approve Articles and Bylaws at August 2nd regular meeting Once Articles/Bylaws approved, staff will move forward with next steps in action process July 5, 2011 GOT Kids Organizational Info Review