Local Education Foundation Outreach

Timeline to Start an LEF

MONTH ONE - Meet with School Board Identify community leaders Meet with community leaders

MONTH TWO - Define Foundation mission Decide on paid vs. volunteer staff Locate seed money Secure legal counsel Investigate incorporation procedures

MONTH THREE - File State Franchise Tax Board Exemption Determine size of board Appoint board members Hold first board meeting Draft Statement of Purpose Determine fund disbursement Determine frequency of meetings Establish board organization

MONTH FOUR - Choose a name Draft Articles and By-laws Bond officers

MONTH FIVE -File Articles and By-laws Register with General Registry of Charitable Trusts File for IRS exemption Order minute book and seal Apply for Nonprofit mailings permit

MONTH SIX -Prepare planning document Explore other foundations Determine feasible fundraising level

MONTH SEVEN -Establish Goals Establish operating budget Organize Planning Committee

MONTH EIGHT -Develop plans and timeframes Recieve Tax Exempt status Determine school needs Establish fundraising strategy