Cambridge School Foundation
Purpose:
The Cambridge Public School Foundation was organized
for charitable and
educational purposes benefiting Cambridge Public Schools.
To assist us in
these endeavors, the foundation is ready to receive contributions
and gifts.
What the Foundation is about:
Innovative Project Grants: The Cambridge School
Foundation provides funds
to teachers enabling them to provide educational opportunities
for students.
Scholarships:
Scholarships for students. The Foundation manages
funds from family bequests
to be given to graduating seniors.
Activities:
The Foundation sponsors a Youth Basketball Tournament
in January for their
primary fundraiser.
Cambridge School Foundation Officers:
President: Mr. Leroy Hayes
Vice President: Mrs. Cathy Patterson
Secretary: Mrs. Kari Howart
Treasurer: Mr. Joseph Sheldon
Types of Donations:
- Direct Gift- Gift donations, cash, securities,
personal property, or real estate.
- $100 Annual Membership- a great way to support
quality education each year. Funds will be used for scholarships, teachers endowment,
or other special funds.
- Recognition Gifts- Cash gifts to honor a person or a special occasion.
- Memorial Gifts- Money donated to honor a deceased relative or friend.
- Bequests- a gift given through a will including:
~Special Bequest- donor specifies a dollar amount
or percentage
of the estate to be transferred to the Foundations.
~Contingent Bequest- the assets of the estate are transferred to
the
Foundations
previously named if the beneficiaries
are
no longer living.
~Residuary Bequest- after all specific bequests have been satisfied,
the Foundation
receives all or a portion of
the remaining estate assets.
~Special Endowment Fund- Cash donation or bequests of $2,000.00
or more
may be
given to establish a special scholarship
in the name of a
donor or loved one.
- Life Insurance- This allows donors to change
their premium dollars into charitable contributions by assigning benefits to
the Foundation. Premiums may be tax-deductible and the policy benefits may be
exempt from estate taxes.
What Your Gifts Will Provide For:
1. General Scholarship Fund
2. Teacher Innovative Grant
3. Classroom Grants
4. Curriculum Innovations
5. Technology
6. Special Projects
Elementary
