Why was the Foundation created?
The Foundation was created to support excellence in education by providing supplemental funds for enrichment purposes in designated program areas not otherwise funded by the Krum ISD. Funding does not replace or alter use of funds from traditional tax-based sources.
What is the purpose of the Krum ISD Education Foundation?
The primary purpose of the Krum ISD Education Foundation is to solicit, manage and distribute supplemental funds that align with the District’s Improvement Plan and to create a perpetual source of funds for educational programs and projects which are not within the budgetary guidelines of the Krum ISD and/or for which tax dollars cannot be expended.
The programs funded will emphasize the Foundation’s mission to financially support exceptional educational experiences for Krum ISD students.
How is the Foundation funded?
Programs and activities of the Foundation are funded by donations and income earned on investment capital. In-kind and monetary gifts are accepted from individuals, corporations and other foundations.
When are funds allocated?
Foundation programs will be reviewed, awarded, and funded each year.
Is the Foundation a function of the Krum ISD?
The Krum ISD Education Foundation is an independent, 501(c)(3) nonprofit corporation governed by its own Board of Directors, comprising a cross section of the community, who possess a vision for excellence to support the students and staff of the District. The superintendent and an officer of the Krum ISD Board of Trustees serve as ex-officio members.
Who makes the decision on how funds are allocated?
Members of the Board of Directors of the Krum ISD Education Foundation determine how funds are allocated and awarded. Community volunteers are involved as committee members to make recommendations to the Board in certain program areas.