Education Funding Report Roundup

Study Ranks Local Schooling Foundations

By Michele Molnar — October 21, 2014 1 min read

Local K-12 education foundations with $2 million or more in annual revenues topped a performance ranking of these nonprofit organizations that support individual school districts.

Foundations with smaller treasure chests were also recognized in the report, which was released in September by a private consulting group.

The foundations’ performance was measured according to eight key indicators which the Tampa, Fla.-based Dewey & Associates extracted from the Form 990s that nonprofits are required to submit to the Internal Revenue Service. The rankings were based on annual revenues, revenues per student, total assets, assets per student, investment income, total program expenses, expenses per student, and volunteers.

Among the top 10, four are Florida-based foundations, and two of the organizations—those in Omaha, Neb., and San Francisco—are aligned with districts that have smaller student populations. (Omaha is the 98th largest district in the country, and San Francisco is 72nd.)

Top Local Funders

Ten local education foundations from five states topped a Florida consulting group’s new performance ranking.

1. Pinellas Education Foundation (Florida)
2. Clark County Public Education Foundation (Nevada)
3. Omaha Schools Foundation (Nebraska)
4. Denver Public Schools Foundation (Colorado)
5. Philadelphia Education Fund (Pennsylvania)
6. Hillsborough Education Foundation (Florida)
7. The Fund for Public Schools (New York)
8. The Foundation for Osceola Education (Florida)
9. San Francisco Education Fund (California)
10. Foundation for Seminole County Public Schools (Florida)

SOURCE: Dewey & Associates

In the nation’s 100 largest school districts, K-12 education foundations spent more than $110 million on grants and programs for teachers and students. They raised more than $230 million to enhance public education, and they have assets of $322 million, which is a measure of their long-term sustainability, according to the study.

Dewey Caruthers, the author of the survey, said he chose to base rankings on financial information from the foundations’ IRS filings because they provide objective data, but he recognizes, “It could lead people to believe, ‘It’s all about the money.’” In fact, the more money a foundation has, the more it can devote to program offerings, scholarships, and other contributions to K-12 education, he said. Further, he said, a better-endowed foundation is sometimes more likely to have its assets invested for income and sustainability—although not always.

A version of this article appeared in the October 22, 2014 edition of Education Week as Study Ranks Local Schooling Foundations

Events

Jobs The EdWeek Top School Jobs Virtual Career Fair
Find teaching jobs and other jobs in K-12 education at the EdWeek Top School Jobs virtual career fair.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Mathematics Webinar
Engaging Young Students to Accelerate Math Learning
Join learning scientists and inspiring district leaders, for a timely panel discussion addressing a school district’s approach to doubling and tripling Math gains during Covid. What started as a goal to address learning gaps in
Content provided by Age of Learning & Digital Promise, Harlingen CISD
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Curriculum Webinar
How to Power Your Curriculum With Digital Books
Register for this can’t miss session looking at best practices for utilizing digital books to support their curriculum.
Content provided by OverDrive

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Funding There Are Big Funding Gaps Affecting High-Poverty Schools. Can Biden Close Them?
Hurdles lie ahead for a $20 billion bid to create "Title I equity grants" to address long-standing funding inequities.
9 min read
President Joe Biden talks about the May jobs report from the Rehoboth Beach Convention Center in Rehoboth Beach, Del., Friday, June 4, 2021.
President Joe Biden made boosting Title I for disadvantaged students a key part of his education platform on the campaign trail.
Susan Walsh/AP
Education Funding Education Department Issues Directive on Shielding Students in Poverty From Funding Cuts
The agency released the "maintenance of equity" guidance on COVID-19 relief as part of a public-relations blitz on equity amid the pandemic.
5 min read
Image of a $100 dollar bill that is cut into blocks for distribution.
E+/Getty
Education Funding New COVID-19 Aid Coalition Highlights Strategies for Retaining Teachers, Digital Learning
The coalition representing school officials, teachers' unions, and others, has pledged a multiyear effort to use relief aid effectively.
2 min read
Mary Euell helps her sons, Michael Henry, left, and Mario Henry, work through math lessons remotely in their Erie, Pa., home.
Mary Euell helps her sons, Michael Henry, left, and Mario Henry, work through math lessons remotely in their Erie, Pa., home.
Christopher Millette/Erie Times-News via AP
Education Funding From Our Research Center Nation Earns a 'C' on School Finance, Reflecting Inconsistency in K-12 Funding and Equity
The Edweek Research Center's latest analysis finds a gulf in many states between per-pupil spending and how that K-12 money goes out.
6 min read
Illustration of C letter grade
Getty