KGD Private Funding
This policy is intended to authorize and encourage individuals, corporations, charitable foundations, and/or businesses to gift, bequest, devise and/or grant monies, goods, services and/or financial consideration to the consideration to the Hamilton-Wenham Regional School District (hereinafter the “District”) for the sole and specific purpose of benefiting the welfare of the students and/or staff of the District.
The District shall at all times, conform to its long established and practiced policy of equal opportunity for all persons when overseeing and distributing contributions of monies, goods, services, and/or financial consideration.
The Hamilton-Wenham Regional District School Committee (hereinafter the “School Committee”) must approve any program, project, event and/or activity not funded in the current fiscal year’s budget prior to accepting any monies, goods, services and/or financial consideration from Benefactors (those who contribute). Therefore, the School Committee may disapprove any proposed program, project, event and/or activity prior to and subsequent to; any monies, goods, services and/or financial consideration being accepted, so long as such disapproval does not violate established District Policies and Regulations.
Benefactors may generally designate, with School Committee approval, a program, project, event and/or activity their contribution(s) may support, but may not designate or detail specific expectations related to those contributions. Any promotion or advertising associated with a contribution is subject to School Committee approval.
Contributions may be made to those programs, projects, events, and/or activities that have been established and/or those that may be established within a period of time that is mutually agreed upon by the School Committee and Benefactor.
Once contributions are made and the benefactor has properly designated (if appropriate) the program, project, event and/or activity his/her contribution shall be made, the District shall maintain complete control over the said program, project, event and/or activity and shall not delegate control or any portion or thereof to the Benefactor.
Prior to accepting contributions from a Benefactor, the District shall make reasonable efforts to ensure that the District’s facilities and administrative support shall not be overtaxed and the District shall ensure that other programs, projects, events, and/or activities shall not suffer as a result of accepting said contributions.
Acceptance of any and all private funding must be done in full and complete compliance with standing District Policies/practices, State and Federal Laws/Statutes and contractual obligations.
Report of Receipts in Treasury as amended by 2016, 218 Section 85