Fund-A-Classroom Donation Policies: Information for Donors and Educators
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 FoundationGive 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 6.9% 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, $6.90 will cover the transaction fees, and $93.10 will be allocated to purchase of the requested project resources. For online donations by credit card, 5.9% goes to FoundationGive for credit card/transaction fees, and 1% goes to the Student Excellence Foundation. For offline donations by check, 6.9% goes to the Student Excellence Foundation. The fees we receive support the cost of the FoundationGive platform and our transaction costs.
Donations by Check: If a donor prefers to donate via check, the donation is recorded as an “Offline Donation” by the Student Excellence Foundation using the FoundationGive platform. We will enter your donor information, so donors must provide their name, address, phone, and email address as well as the information required below with the check. Checks should be made payable to The Student Excellence Foundation. The mailing address is:
Student Excellence Foundation
P.O. Box 253
Wheaton, IL 60187
The donor must specify:
● which campaign or campaigns the funds are intended for;
● the amount that is to go toward each campaign;
● whether or not the donor wants to be identified or remain anonymous on the FoundationGive platform, and;
● if the donation is being made in honor of or in memory of someone;
This information must be sent with the check or emailed to: firstname.lastname@example.org.
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 email@example.com if you have any questions.