Partnership Funding Program
The Foundation for Oklahoma City Public Schools is a private, non-profit corporation under IRS tax code 501(c)3 with the mission of creating community ownership in the success of every child.
• All fundraising and investment activities of the FOUNDATION are limited to benefiting the Oklahoma City Public School District.
• The FOUNDATION is a permanent organization that is governed by a local board of directors.
• The FOUNDATION has and abides by national standards for school FOUNDATIONs.
• The FOUNDATION stays current with laws governing nonprofits.
• The FOUNDATION receives gifts of cash, securities, bequests and beneficiary designations under revocable trusts, deferred gifts (such as bequests), life insurance, and life income agreements and charitable remainder trusts. Other gifts or donated properties may be subject to review prior to acceptance.
• The FOUNDATION assets and earnings are distributed through programs of The FOUNDATION including “PFP Pass-Through” grants to schools and the District.
• Liability for the projects successful completion and any related issues rests solely with the responsible entity, designated school and/or organization.
• The Foundation acts as fiduciary agent and will accept donations, hold donations and distribute funds according to the agreement outlined below.
II. CRITERIA FOR ESTABLISHMENT OF A Partnership Funding Program Projects must meet the following criteria to be eligible as a PFP fund:
• Consistent with the tax exempt status of The FOUNDATION; • Fits the mission and general charitable purpose of The FOUNDATION;
• Supports a project or projects that cannot be funded through other sources such as school budgets or federal funds;
• Responds to an expressed need of a school(s);
• Clearly demonstrates collaboration between the school(s) and donor or donor group;
• Does not divert resources from The FOUNDATION’s existing programs (gifts are in addition to, not in lieu of, existing gifts to The FOUNDATION’s programs).
• Process for establishing a PFP includes a meeting with Foundation president/CEO and/or Director of Operations to review project. Upon approval, a PFP agreement must be signed by appropriate parties.