The Georgetown Exempted Village Schools Board of Education is pleased to announce it recently created the Georgetown Schools Education Foundation Fund. The Fund will receive proceeds of any bequest, gift, or endowment given to the school district for the Fund or given without conditions or limitations.
Monies in the fund may be used for operating or capital costs of any existing or new innovative program designed to enhance or promote education within the district in accordance with the Ohio Revised Code. Expenditure of the funds requires a majority vote of the Board of Education. Contributions to the Fund are tax deductible as charitable contributions to a political subdivision under section 170c1 of the Internal Revenue Code.
Treasurer Eric Toole explained the District’s decision to create the Fund: “The creation of a foundation fund gives the district flexibility to accept contributions from individuals, families, groups, organizations and businesses, and utilize the funds in a variety of ways, including supplementing existing programs, purchasing additional educational resources, or for capital projects.”
Superintendent Brad Winterod added, “We’re excited about the potential of this Fund to supplement and enhance the educational services we provide to our students and appreciate our Board of Education’s foresight and guidance to get the Fund established.”
For more information about the Georgetown Schools Education Foundation Fund, please contact Eric Toole, 937-378-3565 or via email at eric.toole@gtown.k12.oh.us.