BUILDING A FINANCIAL FOUNDATION FOR THE CENTERPLACE RESTORATION SCHOOL.
Questions about the Foundation?
What is the Center Place Educational Foundation?
The Foundation's purpose is to create a continual source of income through corporate and private donations that are separate from the operating funds of CPRS. The principal of these funds will be invested conservatively to help keep the school financially sound for generations to come.
How does the Foundation use or receive endowed gifts?
Endowments are gifts of cash, securities and real or other property given by individuals, corporations or foundations. These gifts are invested to generate funds for particular needs of the school. An endowment may be used for any valid purpose consistent with the school's mission. Because of the long-term nature of an endowment, only the earned interest is used to assist CPRS in meeting its educational mission.
What is the fundraising goal for the endowment fund?
The immediate goal is to raise $10 million. With a $10 million fund, the school can expect to receive up to $500,00 per year based on a 5 percent annual distribution. This amount will not cover the annual operating budget but would greatly assist the school in meeting it's annual expenses and other funding needs.
What are CPRS's funding needs?
- Maintain current facilities in good working order
- Meet academic needs for state-of-the-art instructional equipment, textbooks and competitive salaries for teachers.
- Provide for future construction or expansion needs of school facilities.
- Support tuition assistance program to aid students with financial needs.
What fundraising guidelines does the Foundation follow?
The Center Place Education Foundation has adopted the Code of Ethical Principles and Standards of Professional Practice as published by the Association of Fundraising Professionals.
Go to Questions - Page Two
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