What is the overall purpose of the Lee's Summit Educational Foundation?
The Lee's Summit Educational Foundation (LSEF) is a nonprofit 501c3 organization that raises private funds to support Lee's Summit R-7 Schools. Our mission is to generate and guide philanthropic support to promote excellence in education in our schools. We do that by awarding PEAK Grants to classrooms across the district; awarding continuing education scholarships; providing funds for identified programs districtwide and matching donors' passions with programs that benefit students and staff.
Why should I donate money to the Foundation? I already pay high taxes in Lee's Summit, and I know some of my money goes to the school district.
You are wise in investigating where you donate your hard-earned money. With the continual reduction in state funding to our district, it is a necessity to develop a healthy mixture of public and private funds in order to grow and excel. Private contributions leverage limited public funds and maximize taxpayer dollars. More importantly, philanthropy creates enthusiastic partners with a vested interest in "their" school district. To sustain excellence, we must look to those who are equally passionate about the future of the Lee's Summit R-7 Public Schools and who can provide assistance through endowed giving and other financial support.
Who decides how gifts are used?
The donors. When they make their gifts, donors can designate which school, project or purpose will benefit from their financial support. The Foundation is required to follow donors' restrictions and, together with the donor, creates a personalized Gift Agreement where applicable. These gift agreements govern the use of funds. Of the gifts made each year to the Foundation, about 99 percent are designated or restricted by donors for specific purposes.
However, unrestricted gifts provide funds that are not limited to specific program uses across the district. These gifts provide needed resources for areas such as additional technology enhancements, classroom grants, early childhood programs, robotics support, and funding for other curricular areas.
How can I afford to help students through the Lee's Summit Educational Foundation?
Every single dollar matters and serves as an investment in the students in the Lee's Summit R-7 School District. We are all at different places in life and have varying worthy causes vying for our attention. We want you to know that we appreciate your consideration and value your investment in students.
Are gifts to the Foundation tax deductible?
Yes. Gifts to the Foundation, a 501c3 charitable organization, are fully tax deductible to the extent allowed by law. You should consult with your tax attorney or financial advisor for details.