Recognizing Excellence in School Business Management Providing Scholarships as Investments in Our Future Financial Grants to Charitable Organizations Serving Children Why an Illinois ASBO Foundation? The Illinois ASBO Foundation was created to elevate the status of the school business administration profession, enhance the visibility of the “value” a school business manager brings to a school district, provide college scholarships to deserving high school students and provide financial grants to community services, policy and research initiatives and charitable organizations that serve children. Illinois ASBO invites all members to be generous in their donations, so that: High school seniors may receive financial support of their college expenses Charitable organizations that provide programs and services to children may be given grants of support Members may be recognized for their excellent performance District office teams may be highlighted for their best practices in school business management Research and policy initiatives in school business management and school finance may be supported Functions related to organizations such as ASBO International will be supported A permanent endowment may grow to guarantee perpetual financial support of Foundation activities in the future Improving the profession is defined through the Foundation’s recognition: 1. Draws positive attention to individuals who are at the leading edge of creating current best practices in school business management and to schools/school district business office teams whose innovations clearly add value to the efficient and effective operation of their educational agency; 2. Provides recipients of the Recognition Program with college funds that are awarded to high school seniors of their choice; 3. Scholarships are awarded to students from districts of award recipients; 4. Awards to Foundations or district initiatives of award recipients; 5. Scholarships to students in school business management programs; 6. Charitable donations to organizations supporting research and policy initiatives or charities that benefit children and Illinois ASBO sponsorship of events at other organization conferences; and 7. The Foundation’s disbursements will, in addition to providing scholarships, seek to promote the profession through charitable donations to organizations, research and policy initiatives and charities that benefit children. Contributions to individuals relating to specific tragedies or occurrences will also be given consideration by the Foundation. Foundation Financing Activities supported by voluntary donations from Illinois ASBO members, special fund-raising events, funds appropriated by Illinois ASBO Board of Directors and interest earned from a permanent endowment fund. All donations are tax deductible. All donations and funds used according to the following: No less than 60 percent for scholarships, research and policy development or charitable contributions No more than 20 percent deposited in a permanent endowment fund Approximately 10 percent for certificates, plaques and other recognition tokens for recipients Approximately 10 percent for marketing and administering the recognition programs Illinois ASBO sponsorship of events at other organization conferences (i.e ASBO International)   Donations Founder Contributions - Donations of over $10,000 from individuals and over $25,000 from corporations may be made in a lump sum, spread out monthly over a 5-year period (60 payments) or spread out annually over a 5-year period (5 payments). Donations spread over several years will be recognized when the total amount has been received. Donors will be recognized for their Annual Gifts or being a Founder. Funds collected in each calendar year will be used in the following calendar year. Both individual and corporate vendor gifts will be recognized. Silver, Gold and Platinum Contributions - Annual contributions may be made in a lump sum or spread out over a 12-month or 5-year period for both individuals and corporations. Gifts of any amount will be gratefully accepted, however, recognition will only be given to the following levels. Founder ($10,000 individual OR $25,000 corporate) Listed on the Associations “wall of fame” in Headquarters Office (permanent) Recognized at Annual Recognition Banquet for five years Listed in Annual Conference program booklet for five years Listed on the website for five years Listed at Foundation sponsored events for five years Become a Founder Donor Now Platinum ($2,500 individual OR $10,000 corporate) Recognized at Annual Recognition Banquet for five years Listed in Annual Conference program booklet for five years Listed on website for five years Listed at Foundation sponsored events for five years Become a Platinum Donor Now Gold ($1,000 individual OR $5,000 corporate) Listed in Annual Conference program booklet for five years Listed on website for five years Listed at Foundation sponsored events for five years Become a Gold Donor Now Silver ($250 individual OR $1,250 corporate) Listed in Annual Conference program booklet for five years Listed on website for five years Listed at Foundation sponsored events for five years Become a Silver Donor Now Annual Members ($20 individual or $120 corporate) Become an Annual Donor Now     The Foundation is governed by 12 member Board of Governance: Executive Director (Administrator of the Foundation) - 1 Service Associate Advisory Committee Chair - 1 Service Associate Advisory Committee Member - 1 Treasurer and Past President - 2 Active Members - 4 Service Associate Members - 4