FOUNTAIN VALLEY : School Board OKs Fund-Raising Plan
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The Fountain Valley School District Board of Trustees gave its unanimous approval Thursday to a proposal for corporate fund raising in a time of dwindling state and federal government resources.
The move will allow the Fountain Valley Education Foundation to hire a resource development director to solicit corporate funds, sponsorships, joint ventures and grants.
Eventually, after initial expenses are covered, the plan calls for 75% of the money raised to go to the school district and 25% to the foundation.
The immediate goal is for the director to solicit local businesses to “underwrite” school programs with cash grants or through donations of equipment or other materials, according to a foundation outline. The plan calls for start-up money of $9,000 to pay for advertising, printing and postage for the first three months.
The plan was proposed by the district’s Financial Development Committee, which includes residents, staff members, Board of Trustees President Larry R. Crandall, two members of the foundation board and the foundation Executive Director Marge Schneider.
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