Solon Education Foundation

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´╗┐Solon Education Foundation Funding the Present, Investing in the Future

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Mission for Solon Education Foundation (SEF) The mission of the Solon Education Foundation is to amplify open doors for understudies, staff and companions served by the Solon Community School District.

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Purpose and Goals we will likely propel the capability of individual understudies and the region through acquiring private blessing support for the Solon Education Foundation while constantly laying the preparation for future gathering pledges accomplishment, keeping in mind the end goal to help the region in satisfying its own particular mission of fabulousness and accomplishment in understudy instruction and administration.

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Our History Initial subsidizing through a pass on by Irma Zeithamel The sum was $125,000 to the Solon Education Foundation. Framed amid the Summer of 2003 Organized as a 501-C3

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Tom Gross, President Teresa Kulper, Vice President Lois Geist, Secretary Mike Turner, Treasurer Bob Upmeyer Art Schut Laura Reed Kevin Blind Lynda Irinaka Jim Martinek, SEF Attorney Tim Broghammer, SEF CPA Tawnia Kakacek, bookeeper Board of Directors

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What's in it for YOUR association to join SEF? 501-C3 Status - This permits all gifts made to your gathering to be salary impose deductible. Taught and very much organized venture prepare. Assets for money related record keeping. A board focused on addressing the requirements of the Solon understudies and region

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Types of Funds SEF Directed Unrestricted Funds SEF Directed Restricted Funds Group/Donor Advised Unrestricted Funds Group/Donor Advised Restricted Funds

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Solon Education Foundation Accounts TERM OF FUND Short Term Unrestricted Long Term Restricted Board Entire reserve adjust accessible Fund pay accessible on a to bolster the mission on a yearly premise and appropriated yearly premise at the sole agreement with venture carefulness of the SEF Board. strategy. Financial records Gifts from profit Donor/Board Entire reserve adjust accessible Fund wage accessible on a for conveyance on a yearly premise in view of SEF GIFT DISTRIBUTION DIRECTION premise. The spending approach. association/giver will submit suggestions Fund least $10,000 for circulation Stadium finance Playground subsidize Math and Science Terms of Funds and Distribution

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Asset Management Asset Manager is Iowa State Bank and Trust Asset designation for our long haul assets is 60-70% local value and 30-40% settled pay Short term assets won't produce income unless the time span is in overabundance of 3-6 months

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Administrative Services There is a yearly expense of 1% of the normal reserve adjust identified with our financial year of July 1 st through June 30 th , or $50 whichever is more prominent. Charge might be postponed on board choice for individual pass through checks of $1000 or more prominent. This expense gives access to the 501-C3. Letters of affirmation will be sent to the benefactors of endowments more prominent than $100. We will likewise keep up total monetary records identified with your assets accounts.

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Connection to the Community Greenhouse Project Math and Science Playground Renovation Project Outdoor Events Center Project Grant Process, In November we will offer gives or coordinating assets for mission related undertakings.

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Questions?? Contact: Laura Reed at 624-3231 Tom Gross at 624-2419 http://www.solonedfound.org PO Box 275 Solon IA 52333

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