The Schools Foundation Announces the Establishment of The Schools Foundation Endowment Fund
Huntsville, AL, February 5, 2016 – The Schools Foundation (TSF) is excited to announce the establishment of The Schools Foundation Endowment Fund with $200,000 committed to date. This fund, held at the Community Foundation of Huntsville Madison County, will be a permanent source of capital that will provide financial support for the Huntsville City, Madison City, and Madison County School districts.
TSF is embarking on a multi-year endowment campaign to establish The Schools Foundation Endowment Fund. There are over 50,000 students enrolled across Huntsville City, Madison City, and Madison County public schools. Currently, there is no endowment in place to support these districts in long-term strategic grant making. The announcement was made Friday, February 5, at the annual State of the Schools event hosted by The Schools Foundation and The Chamber of Commerce of Huntsville/Madison County.
Don Nalley, TSF Board VP, announced that the fund has numerous contributors to date including The Alpha Foundation, current and past TSF Board members, and community supporters. “It was important to The Schools Foundation that we had a sizeable start of $200,000 committed to date.” He went on to share, “We believe as the endowment grows it will represent a stable source of income, and each gift from the community brings us closer to our goal of ensuring the continuing excellence of our schools across Madison County in perpetuity.”
Elizabeth Dotts Fleming, Executive Director shared, “By establishing The Schools Foundation Endowment Fund, we are strengthening our promise to the community and school districts to support the efforts needed to continue to build world class schools. As the endowment grows, the distributions will enable the districts to operate creatively and provide unique opportunities for our students.”
An endowment supporting k-12 education will be the first of its kind in the state of Alabama and is our next step in cultivating an environment for educational innovation and creativity beyond current capacities. It will also assure that critical educational programs continue far into the future.
Bob Lott, TSF Board President added, “Building The Schools Foundation Endowment Fund is a proactive way to protect the investments we have made – and continue to make – in educational excellence. The establishment of this endowment is an example of the tremendous things that can be done by tremendous people supporting K-12 education in Madison County.”
TSF is a non-profit local education foundation in Huntsville, Alabama and supports all three public school systems in Madison County to include: Huntsville City Schools, Madison County Schools, and Madison City Schools. TSF solicits corporate contributions, individual donations, and grant funds to support a variety of programs including student scholarships, teacher grants, staff development, technology deployment, and other programs that directly benefit students and enhance educational opportunities.