- What is an Education Foundation?
- Why do we need a Foundation? Don’t we have good schools?
- Does the Foundation affect the school budget or my taxes?
- What is the relationship between the Foundation and the School District?
- How does the community at large benefit from the Foundation? I have no children. The schools do not affect me.
- How can teachers or schools receive a grant for a program they want to initiate?
- Do other school districts have foundations?
- Is my donation tax-deductible?
- How does the Foundation raise money?
- Can I target my donation to a specific area or program?
- Who do I contact if I have questions?
What is an Education Foundation?
An Education Foundation is an organization comprised of concerned citizens who recognize that as education has become more complex, there is a need to develop a means to raise funds for innovative and effective programs that improve student achievement and foster lifelong learning.
Why do we need a Foundation? Don’t we have good schools?
The Iowa City Community School District schools are excellent. However, there is always a need to expand educational opportunity and meet the needs of our children beyond the core program that is provided by the public schools.
Unfortunately, school districts alone cannot fund the additional financial support that schools and students require. The Foundation provides a means for our community to become involved in public education and to make a difference in our schools and the lives of our students. Funds raised in our communities will support innovative programs and provide and enrich educational opportunities. Your contribution will ensure the success of our most precious resource (our children) today and in the future.
Does the Foundation affect the school budget or my taxes?
No. Because we will not supplant those programs that are the responsibility of the Board of Education and the town, your taxes will not be affected. All monies raised and spent by the ICCSD Foundation will be donations from the public at large.
What is the relationship between the Foundation and the School District?
The ICCSD Foundation is an entity independent of the both the Iowa City Community School District and the School Board. The ICCSD Foundation is a separate 501 (c) (3) non-profit organization governed by its own Board of Directors. It supports programs that enhance the opportunities for our children, but will not fund any program that is a part of the expected services and programs provided by the District and/or the Board.
How does the community at large benefit from the Foundation? I have no children. The schools do not affect me.
We all have a stake in ensuring the best education for our children. The quality of a school system is an integral part of any community’s success. The school system affects property values, the attractiveness of the town for new business and industry and the general quality of life. Education of our children is a lasting legacy.
How can teachers or schools receive a grant for a program they want to initiate?
Teachers, principals or any certified staff of the school district may submit a grant. Grant proposals are submitted to the Foundation using the Request for Designated Funds application. The grant proposal is reviewed to ensure that it furthers the mission of the Foundation. Then the proposal is reviewed in the context of all other proposals. Finally, if approved, the teacher or school will receive the funds.
Do other school districts have foundations?
Yes, school districts throughout the country have established foundations to support excellence in education.
Is my donation tax-deductible?
Yes. Because the ICCSD Foundation is a 501 (c) (3) organization, your donation is tax-deductible. Additionally, if you donate to our endowment fund at the Community Foundation of Johnson County, your donation is eligible for the Endow Iowa Tax Credit. This means you are eligible for a 25% tax credit on your gift.
How does the Foundation raise money?
Funds are raised from generous individuals, business sponsors, and from community members by direct appeals and through community-wide educational and social events. This is done using a variety of mechanisms, including:
- General donations – cash, PayPal, credit card, or pledged donations
- Planned giving – wills, trusts, estate plans
- Gifts of stock
- Matched giving – donations matched by employers
- Fund-raisers – Run for the Schools, Dine Out for Education, and more
Can I target my donation to a specific area or program?
Yes. In addition to donating to our unrestricted Excellence Fund, you can choose to donate to a particular campaign, to the school of your choice, or to a specific event or program organized by the Foundation.