Foundation Outline

Mission Statement & Purpose

FUND'S NAME

Beal City Public Schools Educational Foundation Fund

ABOUT THE FOUNDATION

The Beal City Education Foundation, an affiliate of the Mt. Pleasant Area Community Foundation, was established in 2009 to provide enhanced educational opportunities, improved curricular and extra-curricular programming, and scholarships for our graduating seniors by attracting private funds through donations, endowments, and memorials. The foundation can provide support for the development of enrichment programs and services for a broader and more refined education for our young people.

MISSION /PURPOSE

To support the Beal City Public School District in its mission of educating the children of the Beal City community as stated in the District’s Mission Statement; “Beal City Schools in harmony with the home and community, will educate our children in a positive learning environment that meets the needs and goals in order that all students successfully function in an ever changing global society”

HOW THE FOUNDATION WORKS

Gifts will provide funds for scholarships, purchases and enrichment opportunities above and beyond the normal school district operating budget. Contributions will be placed in a special account administered by the foundation's board of trustees through the Mt. Pleasant Area Community Foundation The board has established long and short term goals that will allow financial support for the enrichment of current programs and long term growth of foundation assets.

CHAIN OF COMMAND / STRUCTURE

The Board of Education is the legal entity of Beal City Public Schools. The Superintendent is the appointed legal agent for the Beal City Public Schools and reports directly to the Board of Education. The Beal City Public School Education Foundation Advisory committee is an appointed committee of school personnel and community members who will make recommendation through the Superintendent to the Board of Education. The committee will consist of one standing School Board member, the Superintendent, the Grants Coordinator, a Teacher leader, and at least six community members.

TEN YEAR PLAN

The Beal City Public Schools Education Foundation ( The Fund) must meet the goal of $10,000 in it’s account at the Mt. Pleasant Area Community Foundation (The Foundation) within ten years. Once the Fund reaches $10,000 it will being giving out 5% of its total value annually in grants to the School District in its efforts to meet it’s mission. To reach that goal the Beal City Board of Education will appoint a Beal City Public School Education Foundation Fund Advisory committee made up of school personnel and community members who will report to the Board of Education. This Advisory committee will educate the community on the purpose of the foundation and it’s value to the community and school, as well as what it means for the community and school in the future. The advisory committee will then educate the community on how to make tax exempt donations to the fund and on the concepts of planned giving and estate planning. The last thing the committee will do is seek out donations around the greater Mt. Pleasant area, fundraise at school and locally in the community and continue to spread the word about the foundation and its works.

MANY WAYS TO GIVE

Checks, cash contributions, stocks or pledges are always welcome. Other ways of supporting the foundation include memorials, bequests and donations of real or personal property.

HOW TO MAKE A GIFT

You may make a gift of any amount to the foundation. Regardless of its size, your donation will used for scholarships and to benefit the school program.

Some donors may make an unrestricted contribution, allowing the trustees of the Foundation to identify the changing needs of the district and direct how the income will be used. Other donors prefer to designate their gift for a certain cause.

You may mail your contribution to:

Beal City Educational Foundation Fund

C/O Mt Pleasant Area Community Foundation

Mt Pleasant MI 48858

TAX ADVANTAGE

Contributions to the Beal City Education Foundation, as an affiliate of the Mt. Pleasant Area Community Foundation, are eligible for special Michigan tax rebates as well as a Federal tax deduction.

Allowable Annual Personal Contributions

Single Couple

Your Gift $200 $400

MI Tax Credit -$100 -$200

Your Cost $100 $200

Fed. Tax Ded.* -$56 -$112

Actual Cost $44 $88

NATURE OF PROJECTS THAT MAY BE CONSIDERED

The foundation board considers projects which promote the well being of students and encourage excellence through creative teaching and learning.

* Scholarship grants

* Mini-grants for innovative classroom projects

* Assistance in professional growth and development