Frequently Asked Questions
Need help? Wondering what we're all about? We've got the answers right here!
Our mission is to raise private funds for resources and programs that are not available to our students through the district's budget.
The Foundation’s endowment is made up of a merged pool of Keystone Funds that provides scholarships to students and grants to teachers and staff. This investment in education guarantees many vital programs and opportunities will remain in place for future generations of Fayetteville's students.
Only the net income from the Foundation's endowment is available for projects, preserving the principal to provide a perpetual source of funding. The grant funds are distributed in response to grant applications.
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 18-member board is selected by an executive 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.