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What is the Lake Oswego School District Foundation?
The Foundation is an independent, non-profit corporation that was organized in 1986 to support the Lake Oswego schools. In 1993, the scope of the Foundation was expanded to respond to reduced school funding and we determined that our primary focus would be improving the student-teacher ratio by providing funds to hire teachers. Our mission is "To Sustain the Tradition of Outstanding Schools in Lake Oswego”
Why do we need a Foundation?
When school funding was centralized in Salem in 1990, all districts lost the ability to set their own budgets and began to rely on the State government to allocate per pupil funding. The dollar amount provided is below what is needed to sustain the high quality of schools this community feels is appropriate, and far below what the community used to raise through property taxes. Eighty percent of the School District’s budget pays salaries—less money means fewer teachers.
Twice in the last five years the voters of Lake Oswego have passed a Local Option to enhance per student funding. Another way to achieve that is to donate privately to the Foundation.
What is the Foundation’s history?
Since 1997, the Foundation has provided yearly funding for at least 10 and as many as 33 teachers at all grade levels and in all schools. In 2007-2008 the Foundation raised more than $1.75 million dollars, which added electives to both high schools as well as teachers throughout the district.
Where does the money go?
Ninety-four percent of all money donated to the Foundation goes to the Lake Oswego School District to cover teachers’ salaries. Fundraising costs, such as printing, mailing and advertising are approximately six percent of the budget.
How much money has the Foundation raised?
The Foundation has raised over $13 million since 1994. Last year, the Foundation raised $1.75 million, and the previous year, $2.1 million.
How does the Foundation raise money?
The Foundation conducts a school-based campaign beginning in February. Teams of parent volunteers in each school approach other parents, discuss the work of the Foundation and ask for their support. This is followed in April by the annual Phonathon. At this time, volunteers contact members of the larger Lake Oswego community by phone, explain the work of the Foundation, and ask for support. Other revenue sources are business programs, realtor and lender programs, corporate matching funds, an endowment fund, direct mail and special events. An additional opportunity to donate to the Foundation is provided by a year-end appeal, allowing supporters to maximize year-end tax advantages with their donation.
Can I see the Foundations' financial reports?
Yes. To access that information, please call Mary Puskas, the Foundation Director at (503) 534-2106 or email her at puskasm@loswego.k12.or.us
Who decides where my donation goes?
The Superintendent of Schools and the School Board. The volunteer Foundation Board does not make policy decisions.
Who is on the Board?
The Foundation Board consists of as many as 30 members—a cross-section of the community, representing education supporters with expertise in accounting, law, marketing, education and other fields. Many board members are also current parents of District students. Anyone may join the Board. A nominating and interview process is used in the final selection of new members, who serve up to four years.
How can I give?
The Foundation welcomes direct donations at any time. Payments can be made by check or credit card and it is possible to pay in monthly or quarterly instalments.
What are the giving categories?
There are several categories of giving ranging from Tutors, $1–$499 up to the Chairman’s Circle, $10,000 and above. For more information, please click the link to the Levels of Support. All of our donors are acknowledged in the Foundation’s fall newsletter.
Are donations tax-deductible? What is your Federal Tax ID number?
Contributions to the Foundation are exempt from federal income tax under section 170c of the Internal Revenue Code. Our Tax ID number is 94-3028590.
Can I give stocks or leave a gift in my will?
Yes. The Foundation's endowment fund, The Stafford Society, is named for the late William Stafford, Oregon Poet Laureate, and Dorothy Stafford, who taught in Lake Oswego for 24 years. They exemplified the highest standards in education and generosity.
A gift to The Stafford Society or a bequest can to be made in one’s will, trust or retirement plan. Potential donors are encouraged to consult with their tax and legal advisors. This type of gift will ensure quality education for the students of Lake Oswego for years to come.
Can I earmark my donation for a specific school?
No. Donations to the Foundation are given to the District so that every student can share in the benefit of lowered class sizes.
What’s in it for me?
Stronger schools mean a stronger community. If you have a student in the Lake Oswego Schools, you know that smaller classes and more class offerings are good for all. Even if you don’t have a student in your home, you know that strong schools are one of the reasons that many of us live in Lake Oswego. A stronger school system will help your property retain its value. Well-educated students will serve us all as a society.
How can I get more information?
Please call the Foundation office at (503) 534-2106. |
