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Richmond board weighs creating independent education foundation, considers Wayne County Foundation alternative
Summary
Trustees discussed forming a separate Richmond Community Schools education foundation to raise unrestricted funds, heard startup cost estimates of $50,000–$75,000 and debated affiliating with the Wayne County Foundation as a lower-cost initial option.
Richmond Community Schools trustees discussed whether to create an independent education foundation during their Feb. 12 board meeting, hearing options, estimated startup costs and a recommendation to consider affiliating with the Wayne County Foundation first.
Supporters presented the foundation as a way to raise money outside usual school-district mechanisms for scholarships, capital campaigns and program support. "This would be a means of raising money to support RCS for education-related causes," said Mrs. Melissa Swofford, a district presenter, summarizing the proposal and examples from other Indiana districts.
The presenters described two basic models: an independent…
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