Why was the Foundation created?
The Foundation was created to support excellence in education by providing supplemental funds for enrichment purposes in designated program areas not otherwise funded by the Ponder Independent School District. Funding does not replace or alter use of funds from traditional tax-based sources.
What is the purpose of the Ponder Education Foundation?
The primary purpose of the Ponder Education Foundation is to solicit, manage and distribute supplemental funds for enrichment purposes and to create a perpetual source of funds for educational programs and projects which are not within the budgetary guidelines of the Ponder Independent School District and/or for which tax dollars cannot be expended. The programs funded will emphasize the Foundation’s mission to enhance the learning environment for Ponder students.
How is the Foundation funded?
Programs and activities of the Foundation are funded by donations and income earned on investment capital. In-kind and monetary gifts are accepted from individuals, corporations and other foundations.
When are funds allocated?
Some programs are funded annually, while other programs are funded semi-annually or throughout the year, as determined by the Board of Directors.
Is the Foundation a function of the Ponder Independent School District?
No. The Ponder Education Foundation is an independent, nonprofit corporation governed by its own board of directors, comprised of a cross section of the community, who have a vision for excellence to support the students and staff of the District. The superintendent and president of the Board of Trustees of the Ponder serve as ex officio members of the Foundation Board.
Who makes the decision on how funds are allocated?
A Programs & Allocations Committee assesses all applications to provide recommendations to the Board of Directors on how funds are allocated and awarded. The final decisions are voted upon by the Foundation Board members.
What is the advantage of donating to the Foundation rather than to the school district?
There may be tax advantages to the donor for donating to the Ponder Education Foundation. Also, the Foundation can designate funds for educational programs and activities that are not within the budgetary guidelines of the Ponder ISD and/or for which tax dollars cannot be expended.
Still have questions? Contact us at email@example.com.