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CPS foundation seeks larger initial budget as board presses for guardrails and oversight
Summary
Board members received an update May 5 on the community fundraising arm that is converting from an alumni/ABC group into the Cincinnati Public Schools Foundation and asked for more detail before approving a larger funding request for next fiscal year.
Board members received an update May 5 on the community fundraising arm that is converting from an alumni/ABC group into the Cincinnati Public Schools Foundation and asked for more detail before approving a larger funding request for next fiscal year.
The foundation’s leadership presented a first‑year fundraising goal of $2,000,000 and a five‑year target of $20,000,000. The foundation’s draft operating budget for fiscal 2026 totaled $1,341,587, higher than the value set in the memorandum of understanding (MOU) the board previously approved, $1,124,963. Assistant Treasurer Mike Guston told the board the higher figure reflects planned staff and operating costs, including rent and a modest moving allowance if…
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