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Spalding High School Foundation seeks new officers, asks board to bless planned fund release for feasibility work
Summary
Volunteers said the Spalding High School Foundation needs a new president and an organized board to consider releasing funds for an opinion-of-probable-construction-cost study (~$32,000). Committee members clarified the foundation is a separate 501(c)(3) that raises restricted funds for Spalding High School projects but must secure school-board blessing before funding capital projects.
Volunteers updating the facilities committee said the Spalding High School Foundation is actively recruiting a new president and needs to formalize its board before it can release funds for planning work on athletic-field and other projects.
"We are currently looking for a replacement to the current president of the foundation," a foundation volunteer said, and she asked the committee about procedures to move forward with releasing funds for an OPCC (opinion of probable construction cost) study that she estimated at about $32,000.
Committee members clarified the organizational and approval framework: the Spalding High School Foundation is a separate 501(c)(3) fundraising entity that holds restricted donations for Spalding High School (academics, athletics, visual and performing arts). Any project the foundation intends to fund—such as a capital campaign to upgrade athletic fields—requires the school board's blessing before the foundation releases or funds a project.
The foundation representative said accounting records show some funds are invested (one account at Smith Barney) and some funds are held in cash at a community bank, and that donors sometimes designate restricted categories. A volunteer said scholarship funds overseen separately amount to a larger pooled account used for scholarships and that the foundation’s funds are strictly for Spalding High School purposes.
What’s next: volunteers were urged to organize the foundation board, nominate officers (including a president), and present a concise request—treasury report, minutes, and a proposal for the $32,000 OPCC—to the district board so the district can consider releasing or accepting any foundation-funded work.
Quote: "If we created a capital campaign for the athletic fields... the first thing people would ask is 'what are you doing'—it'd be nice to be able to answer that," a foundation volunteer said.
