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View Diary: School district level endowment funds (15 comments)

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  •  I'd be surprised if any school district (1+ / 0-)
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    Chas 981

    was actively restricted from doing such a thing. Perhaps the "normal" way is to set up a nonprofit that holds the endowment and then disburses it. Our tiny district, for example, has a small trust that was set up upon someone's death to provide library materials.

    As for who would manage it, all of our school district's funds are pooled with other local funds and managed by the county.

    As others have pointed out, the real problem is creating the initial source of funds. Most school districts have annual budgets in the hundreds of millions of dollars range. An endowment for a particular small activity, like a library, or art supplies, or the like, is pretty doable. In some cases, (wealthy districts, not Title 1 districts!) PTAs pay for a couple of staff members. To expect more from an endowment is not terribly realistic.

    Fry, don't be a hero! It's not covered by our health plan!

    by elfling on Mon Jan 14, 2013 at 08:20:34 AM PST

    •  The key is long term growth (0+ / 0-)

      Any stable source of funds is preferable to the current system of holding our kids hostage while we try to tax people and business to educate them. This concept of investing rather than taxing changes the conversation.
      We have a variety of fundraisers going on all the time for school events. We should coordinate and expand these efforts. When we combine fundraising with investment in local, state, and treasury bonds the fund will certainly grow and provide an increasing dividend to our public schools

      I don't hit. But I do hit back

      by mcgee85 on Mon Jan 14, 2013 at 11:57:30 AM PST

      [ Parent ]

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