What is an Endowment?
Donations are invested into a fund and that investment is never spent. The fund earns interest which is spent on allocations each year to programs in the CUSD schools that would otherwise not exist. The Endowment Fund allows donations to have a much greater impact over a long period of time.
What is the purpose of the Endowment Fund and why was it formed?
In recognition of the need for sustained revenues for our local public schools, the Board of Directors created an Endowment Fund in 2006. Endowment funds provide a lasting gift. Building a permanent Endowment Fund is the best way to protect the investment we have made – and continue to make – in financing educational excellence. It ensures that we can continue to offer the widest possible range of educational opportunities for all students attending our public schools, despite the ongoing fluctuation of state funding. It secures a stable source of unrestricted income to the schools within the Cabrillo Unified School District.
How much money is CEF trying to raise for the Endowment Fund this year? Why?
CEF has a goal in 2020 of raising $250,000 from events and our year end giving campaign. It is the vision of CEF to continue to build an Endowment that provides a vital piece of the funding puzzle.
How is the CEF and the Endowment Fund managed?
The Education Foundation is a nonprofit 501(c)(3) tax exempt organization. It has a volunteer Board of Directors comprised of ten corporate and community leaders, as well as an Executive Director. The Endowment Fund guided by the Investment Policy, is managed by an Investment Task Force comprised of four investment professionals.
How are the yearly funding decisions made?
CEF allocates yearly funds based on five specific funding priorities: Literacy, Science, College & Career Readiness, Social/Emotional Learning and Innovation. CEF’s Allocation Chair and Executive Director coordinate with the CUSD administrators several times throughout the year to review the efficacy of current programs, identify potential new programs, and collaborate to determine how best CEF funds can make an impact on student success.
Why should I give to CEF when there are so many other worthy causes?
We are fortunate to live in a community where our public schools are safe, sound, and offer a caring and progressive educational community. We have some of the best teachers California has to offer, and our high school offers acclaimed art, music, sports and academic programs. But as we all know it is a constant struggle to meet the needs of our diverse community, particularly when state dollars are just not available to us. It is time for us to come together and to radically change the financial landscape of the educational resources here on the Coastside. This is your opportunity to make a lasting difference to our local public schools, our students and our whole community. With your help, we can raise the bar on educational attainment and opportunity for all our kids, and by doing so bring lasting impacts to our community for generations to come.
How can I make a contribution?
Tax-deductible charitable contributions may be made as:
- Cash Donations: A cash donation can take the form of a long-term gift or pledge over several years.
- Stocks & Gifts: Stocks, including stock from start-up ventures, may be placed in an endowment trust with current market value benefits.
- Planned Giving: Assets as a part of a Will may be another opportunity to give a gift of lifelong learning through a charitable trust agreement.