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2010-11 YFPE Annual Report - York County Schools

2010-11 YFPE Annual Report - York County Schools

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Partnership: <strong>YFPE</strong>, Inc. and YCSDThe <strong>York</strong> Foundation for Public Education, Inc. eagerly anticipates animpressive fundraising year for the <strong>York</strong> <strong>County</strong> School Division. We hopeto encourage all community members to contribute back to the schooldivision in one way or another. We invite you to join the <strong>YFPE</strong>, Inc. in keepingeducation a top priority for <strong>York</strong> <strong>County</strong>. You can make a commitment to educationby volunteering your time, making a tax-deductible contribution, offering gifts-in-kind or including the foundationin your estate planning. Each has its own distinctive and powerful reward.Frequently Asked QuestionsHow is the foundation organized?The <strong>York</strong> Foundation for Public Education, Inc. is governed by an independent board of community leaders and educators. Theboard sets policies, provides leadership in fundraising and grant-making and ensures that gifts to the foundation are used in accordancewith donors’ wishes. The foundation employs its own clerical staff, independent of the <strong>York</strong> <strong>County</strong> School Division.Isn’t YCSD funded by the commonwealth? Why does it need private funding?Yes, YCSD is a public school system and it is state-assisted. The Commonwealth of Virginia remains YCSD’s primary funding source;however, a diverse funding base is key to assuring support for providing superior equipment, facilities, programs and scholarshipsto the students and staff of YCSD.What is the <strong>YFPE</strong>, Inc.’s relationship to the YCSD and the YCSD school board?While the school board endorsed the creation of the foundation, it is independent of both the board and the administration.Neither the board nor the administration has authority of the use of foundation funds, though they work as partners and thedivision provides funding for foundation operations. The foundation also works closely with the division to ensure that the fundssought tie closely to the school division’s strategic plan and meet the needs of students that the division has identified. Thesuperintendent plays an important role in foundation activities and the school board has a liaison on the foundation’s board.How does the foundation manage its funds?The foundation’s pass-through funds, including those for annual grants and operations, are held at TowneBank. The foundation’sendowment funds are held at the Peninsula Community Foundation of Virginia, where they are combined with other funds heldby the community foundation for maximum return. The foundation has a treasurer prepare monthly reports for the board. Thefoundation is audited annually.Where can I get additional informationabout <strong>YFPE</strong>, Inc.?Peggy Myatt, Liaison/CoordinatorPO Box 1771 <strong>York</strong>town, VA 23692757-898-0451pmyatt@ycsd.york.va.usyorkcountyschools.org/yfpeInnovative Classroom Instructional Grant, Grafton High, $400All contributions to the <strong>YFPE</strong>, Inc. are tax-deductible.<strong>York</strong> Foundation for Public Education, Inc. is a 501(c) 3 organization. Tax ID: EIN 54-1764828<strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>-20<strong>11</strong>3

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