The Student Excellence Foundation is committed to maximizing the use of our donors’ funds to benefit education in District 200, as compared to expenses. Our volunteer Board members and Fund-A-Classroom educators spend a significant number of hours raising funds to foster innovation and support the needs of District 200 students. At the same time, we’ve found that not all effective fundraising is free. For example, when it comes to “crowdfunding”, funding educator campaigns requires a platform that goes beyond anything we can provide as volunteers.
Therefore, we’ve implemented Kaleidoscope to handle our Fund-A-Classroom crowdfunding program. This online platform makes it easy for District 200 educators to initiate and promote their campaigns, while ensuring compliance with District 200 policies. It ensures that materials and services can be purchased without paying sales taxes, and will become property of District 200. It also makes it easy for potential donors to find and fund the projects they care about, via the Student Excellence Foundation website.
Fees: When an educator submits a Fund-A-Classroom campaign on the FoundationGive platform, a transaction fee of 7% is added to the educator’s funding goal. All donations are subject to this fee. So, for example, if you donate $100 to a campaign, $7.00 will cover the transaction fee, and $93.00 will be allocated to purchase of the requested project resources. The fees we receive support the cost of the Kaleidoscope platform and our administrative costs.
Partially funded campaigns: If a campaign is partially funded and doesn’t reach its funding goal by the deadline, the Student Excellence Foundation will offer the following options to the educator who initiated the campaign, in the following order:
1. Extend the deadline and attempt to raise more donations;
2. Purchase and implement part of the intended project materials or services; or, if that is not practical;
3. Purchase other items that will benefit the intended student population, or, if that is not practical;
4. Permit the accumulated funds to be re-allocated by the Student Excellence Foundation for Student Excellence Grants. However, if the amount of a donor’s contribution to a partially funded campaign is $100 or more, the Foundation will contact the donor to determine if they want the funds to be refunded instead of re-allocating to Student Excellence Grants.
Disposition of Excess Funds for Completed Projects: Sometimes when a project is fully funded, and the educator has purchased all of the project items or services, some funds are left over due to better pricing becoming available, or less expensive but equally suitable items being found. Sometimes, a project may receive more donations than have been requested. In these instances, the Foundation will offer the following options to the educator:
1. Purchase additional items that will benefit the intended student population, or, if that is not practical;
2. Permit the accumulated funds to be re-allocated by the Student Excellence Foundation for Student Excellence Grants. When a project has been completed, no remaining funds will be refunded to the donor.
Contact us at firstname.lastname@example.org if you have any questions.