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Solon Education Foundation. Funding the Present, Investing in the Future. Mission for Solon Education Foundation (SEF). The mission of the Solon Education Foundation is to maximize opportunities for students, staff and friends served by the Solon Community School District. Purpose and Goals.

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solon education foundation

Solon Education Foundation

Funding the Present, Investing in the Future

mission for solon education foundation sef
Mission for Solon Education Foundation (SEF)

The mission of the Solon Education Foundation is to maximize opportunities for students, staff and friends served by the Solon Community School District.

purpose and goals
Purpose and Goals

Our goals are to advance the potential of individual students and the district through obtaining private gift support for the Solon Education Foundation while continuously laying the groundwork for future fund raising success, in order to aid the district in fulfilling its own mission of excellence and achievement in student education and service.

our history
Our History

Initial funding through a bequeath by

Irma Zeithamel

The amount was $125,000 to the Solon Education Foundation.

Formed during the Summer of 2003

Organized as a 501-C3

board of directors
Tom Gross, President

Teresa Kulper, Vice President

Lois Geist, Secretary

Mike Turner, Treasurer

Bob Upmeyer

Art Schut

Laura Reed

Kevin Blind

Lynda Irinaka

Jim Martinek, SEF Attorney

Tim Broghammer, SEF CPA

Tawnia Kakacek, bookeeper

Board of Directors
what s in it for your organization to join sef
What’s in it for YOUR organization to join SEF?
  • 501-C3 Status - This allows all donations made to your group to be income tax deductible.
  • Disciplined and well structured investment process.
  • Resources for financial record keeping.
  • A board committed to meeting the needs of the Solon students and district
types of funds
Types of Funds
  • SEF Directed Unrestricted Funds
  • SEF Directed Restricted Funds
  • Group/Donor Advised Unrestricted Funds
  • Group/Donor Advised Restricted Funds
terms of funds and distribution

Solon Education Foundation Accounts

TERM OF FUND

Short Term Unrestricted

Long Term Restricted

Board

Entire fund balance available

Fund income available

on an

to support the mission on an

annual basis and distributed

annual basis at the sole

accordance with investment

discretion of the SEF Board.

policy.

Checking Account

Gifts from earnings

Donor/Board

Entire fund balance available

Fund income available on an

for distribution on an annual

annual basis based on SEF

GIFT DISTRIBUTION DIRECTION

basis. The

spending policy.

organization/donor will

submit recommendations

Fund minimum $10,000

for distribution

Stadium fund

Playground fund

Math

and Science

Terms of Funds and Distribution
asset management
Asset Management
  • Asset Manager is Iowa State Bank and Trust
  • Asset allocation for our long term funds is 60-70% domestic equity and 30-40% fixed income
  • Short term funds will not generate revenue unless the time frame is in excess of 3-6 months
administrative services
Administrative Services
  • There is a annual fee of 1% of the average fund balance related to our fiscal year of July 1st through June 30th, or $50 whichever is greater. Fee may be waived on board decision for individual pass thru checks of $1000 or greater.
  • This fee provides access to the 501-C3. Letters of acknowledgment will be sent to the donors of gifts greater than $100.
  • We will also maintain aggregate financial records related to your funds accounts.
connection to the community
Connection to the Community
  • Greenhouse Project
  • Math and Science
  • Playground Renovation Project
  • Outdoor Events Center Project

Grant Process, In November we will offer grants or matching funds for mission related projects.

questions
Questions??
  • Contact:
  • Laura Reed at 624-3231
  • Tom Gross at 624-2419

http://www.solonedfound.org

PO Box 275

Solon IA 52333