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Education Foundation incorporated; district staff say organization will pursue EIN and 501(c)(3) status
Summary
Board members reported the newly forming Education Foundation has incorporated in New York, is applying for an EIN and for 501(c)(3) status, and aims to support students and teachers through scholarships, grants and community outreach.
The board heard an update that a new Education Foundation aligned with the district has incorporated through New York State and is now applying for an employer identification number and federal tax-exempt status to operate as a 501(c)(3). The superintendent credited district staff leadership and volunteers for progressing incorporation and said the foundation will pursue outreach and scholarship opportunities.
"Under Nate's leadership, and thank you very much, Nate, this is in progress... They're now incorporated through New York State. They're applying for their employee identification number, their EIN, which I hear is the hard part, as well as the IRS forms for the 501(c)(3)," the superintendent said.
Board members discussed policy questions about how the foundation will operate relative to existing PTGs and the district, and staff said they will present more formal policies and details to the board before programs move forward. The superintendent said the foundation will likely operate in parallel with existing scholarship committees rather than absorbing them immediately, adding the foundation might create additional opportunities for rising seniors and teacher mini-grants.
