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Pennsylvania 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”)

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Pennsylvania Consortium of Education Foundations

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  1. Pennsylvania Consortium ofEducation Foundations March 2011

  2. “It Takes a Community to Educate a Child”

  3. Pennsylvania Local Education Foundations • ~200 in the 500 School Districts • 7 IU Foundations

  4. What makes a “Successful Foundation” • “Financial Benchmarks” (“$20-$40 Rule”) • 10 Ways to Build a Successful Foundation • Paid Staff person • Involved Superintendent

  5. Why Foundations do not meet their potential • Board of Directors • No vision or direction • Not run as a “business”

  6. 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

  7. 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”

  8. Impact of Senate Bill 1 (SB1) • The Position of School Foundations • Next 4 months

  9. Helping Small and Rural School Districts • History and Background • Supported by IU’s

  10. A 501 (C) (3) Foundation Umbrella • Educational Support Initiatives • Scholarships & Endowment • Athletic/Music/Art Organizations • Business Partnerships • Alumni • They would benefit from the tax-deduction status.

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