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Foley board votes unanimously to accept gifts and scholarship depository arrangement
Summary
The Foley school board unanimously approved a resolution to accept gifts and authorized a depository arrangement with CommunityGiving to manage a family-initiated scholarship fund, providing a 501(c)(3) structure for donations.
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The Board of Education accepted a resolution for accepting gifts at its May 18 meeting. Sharon Kipka moved to accept the resolution and Alyssa Schumacher seconded; the motion passed unanimously, 7-0.
Separately, the board approved establishing a depository account with CommunityGiving to manage a family-initiated scholarship fund, described in the minutes as providing professional investment and fiduciary oversight and offering a 501(c)(3) structure for donations. Nathan Anderson moved to approve the depository account; that motion also passed unanimously, 7-0.
