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September 27, 2008Madison Schools "Individual Endowments"Foundation for Madison Public Schools: The Foundation for Madison's Public Schools developed the Individual School Endowment Initiative, which is unique in the country. This initiative was designed to build an endowment fund for each of the 48 schools in the district. Through the generosity of John Taylor and the Clay-Price Fund, each school was offered a challenge grant of $5,000. Schools needed to raise $5,000 toward the establishment of an endowment fund in order to earn the $5,000 match and establish their $10,000 Individual School Endowment Fund. We are thrilled to announce that as of June, 2007, all 48 schools had met the match and established endowment funds. 32 schools have endowment fund balances greater than $20,000 and 6 schools have over $50,000 in their endowments. This initiative has raised over $1.45 million and endowment balances continue to grow. Our long-term goal is to see every school have a $50,000 endowment as well as a mutually beneficial relationship with a community partner. To that end, we have established our Adopt-A-School Program. 2008 FMPS Grants: $10,000Posted by Jim Zellmer at September 27, 2008 1:33 AM Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas |