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Cincinnati Public Schools board approves memorandum of understanding to form districtwide foundation
Summary
The Cincinnati Public Schools Board of Education voted to adopt a memorandum of understanding with ABC (the long-time partner organization) to create a districtwide CPS Foundation, resolving key governance and operational questions and allowing renegotiation year-to-year.
The Cincinnati Public Schools Board of Education voted unanimously March 17 to adopt a memorandum of understanding with ABC to create a districtwide CPS Foundation, enabling the longtime partner organization to formally begin fundraising for district priorities.
The agreement, recommended by General Counsel Dan Hoyne and the administration, spells out a multi-year arrangement intended to give ABC funding stability while preserving the board’s ability to revisit administrative fees and governance each year. "I have sent to the board what I believe to be a recommended final draft of an agreement," General Counsel Dan Hoyne told the board, adding that administration and ABC had negotiated the remaining issues.
Why it matters: the foundation is intended to centralize private…
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