Frequently Asked Questions
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The Fayetteville Public Education Foundation exists to help the Fayetteville Public Schools provide our students with the resources, programs and opportunities needed to help them reach their full potential. The $3 million endowment established by the foundation is an investment by our community to establish a long-term plan for continuing Fayetteville's commitment to excellence in public education.
Only the net income from the foundation's endowment will be available for projects, preserving the principal to provide a perpetual source of funding. The grant funds are distributed either in response to grant applications or to projects internally developed by the foundation's Board of Directors.
Any person or entity proposing a project supportive of the Fayetteville Public Schools, and deemed meritorious by the foundation's Board of Director can receive a grant from the Foundation. Potential grantseekers would include teachers, students, parents, businesses and other organizations that have an interest in and a capability to improve public education.
The foundation is recognized under state and federal law as a 501(c)3 charitable, tax-exempt organization. As such, its financial records are open to public review. The Board of Directors carefully oversee all investments, expenses and the use of grant funds. Additionally the financials are annually audited.
No. The foundation is completely independent.
The initial 18-member board was selected by an ad hoc steering committee from a long list of community leaders interested in public education. The board members represent many broad and diverse groups throughout the Fayetteville community. Members serve staggered three year terms and their replacements are elected by board vote. Additionally, two members serve as ex-officio members: the president of the Fayetteville Board of Education and the superintendent of the Fayetteville Public Schools.