I am interested in helping the Foundation or finding out more details. Whom should I contact?
Ashley Varner at 573-659-3549; email@example.com or Morgan Werdehausen at573-659-2769; firstname.lastname@example.orgWhat is the Jefferson City Public Schools Foundation?
The Foundation is a not-for-profit Missouri corporation that was formed for educational and charitable purposes under Section 501 (c) (3) of the Internal Revenue Code. The Foundation provides supplemental funding for the Jefferson City School District, and as such, is considered a public charity. The Foundation, however, stands separate and apart from the Jefferson City School District and is governed by its own board of directors.
When did the Foundation begin a formal organization?
On November 10, 1998, the Missouri Secretary of State issued a Certificate of Incorporation and the legal existence of the Foundation began.
For what reasons was the Foundation created?
The origins of the Foundation are found in the Jefferson City School District's Strategic Plan which was approved in 1998. Strategy IX stated: "We shall acquire finances to accomplish our mission." Action Plan 4 of Strategy IX stated that a Foundation should be established to supplement funding. Interested and dedicated citizens organized and established the Foundation. The Foundation exists to support excellence in public education in the Jefferson City School District.
Are there any tax monies handled by the Foundation?
No. Gifts to the Foundation are charitably made and not the result of tax assessment.
How much did it cost to form the Foundation?
The legal services to create the Foundation were donated by a local attorney and district alumnus Steve Newman. The IRS tax-exempt 1023 application was prepared and filed by local certified public accountant Debbie Mathes. Ms. Mathes contributed her professional services free of charge.
How is the Foundation funded?
Programs and activities of the Foundation are funded by private donations from alumni, citizens, service clubs, businesses, corporations, and other foundations.
Are gifts made to the Foundation deductible for income tax purposes?
The Foundation enjoys charitable tax-exempt status from the IRS. If an individual itemizes his or her donations on a 1040 IRS income tax return, gifts to the Foundation are tax-deductible for income tax reporting purposes. A donor should, however, consult with his or her tax advisor concerning the extent of the deduction of a gift to the Foundation. Any charitable documentation required by law will be provided by the Foundation.
How does the Foundation operate?
The Jefferson City Public Schools Foundation, Inc., a 501 ( c) (3) not-for-profit corporation, was established and remains subject to federal and state laws. The Foundation's board of directors consists of 16 volunteer persons (can be up to 21) who are not employed by the school district or serve on the district's board of education. In addition to its corporate articles of incorporation and bylaws, the Foundation operates with policies and procedures. The Foundation is governed by its board of directors. The foundation's board of directors meets once a month except in December and May. The board of directors elects annually a president, four vice presidents, a secretary, and a treasurer who handles the day to day business of the corporation along with the assistance of an executive director and associate director. The work of the Foundation is largely performed through committees which include the following:
- Community Relations
What is the minimum amount to invest to begin an endowment?
How do I go about setting up a fund for Teachers?
The JCPS Foundation gives grants to teachers on a yearly basis. Gifts can be established as a long term giving program or a year-to-year gift.Other Information
Types of gifts received can be given to the general operating fund, restricted for a specific purpose, in-kind, or an endowment or planned gift. While donations of any amount are accepted and appreciated, a minimum of $20,000 is required for a named endowment and may be given as a one-time gift or over a period of five years.
Donations may be received from:
- Service Clubs and Organizations
- Alumni or Alumni Classes
- Limited Liability Companies
- Other Foundations
- Donations in honor of a person
- Donations in memory of a person
What Fees are associated when considering giving to the Foundation?
Beginning July 1st, 2020 the JCPS Foundation will assess fees on temporarily restricted gifts, and pass-through gifts. These fees will support the financial management of these gifts, accounting and audit processes, and teacher and school grants.
Type of Gift
Fee structure (%)
Temporarily Restricted (gifts over $1000)
New and existing accounts 2% annual fee
$50 flat fee for every $1000 (5%)