Pennsylvania Consortium of Education Foundations March 2011.

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Presentation transcript:

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 AlumniBusiness Partnerships Athletic Music & Arts Educational Support Initiatives Scholarships & Endowment Athletic/Music/Art Organizations Business Partnerships Alumni They would benefit from the tax-deduction status.