Fort Worth close to unveiling nonprofit foundation

Posted Tuesday, May. 27, 2014  comments  Print Reprints

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More than 83,000 school children will now benefit from teaching grants and innovative programs that are expected to receive financial support from a nonprofit educational foundation.

Fort Worth school district board members on Tuesday night voted unanimously to execute a memorandum of understanding to create a Fort Worth school district “Education Foundation.”

“This is a long time in coming,’’ board member Norman Robbins said.

Over the years, other districts, including Carroll and Grapevine-Colleyville, have created the special foundations to boost educational programming.

It takes an assortment of legal steps to form the nonprofit organization, foundation leaders said.

Fort Worth’s foundation has on file a certificate of formation with the Texas secretary of state, said Tracy Marshall, executive director of grants and development for the foundation. Foundation leaders are now waiting to receive a 501(c)3 designation that identifies their organization as a “nonprofit” organization with the Internal Revenue Service, Marshall said.

Foundation leaders, including Marshall, are expected to apply for $25,000 in start-up funds from the Texas Pioneer Foundation, she said.

“There’s a lot of paperwork behind the scenes to get an education foundation launched,’’ Marshall said. 

Yamil Berard, 817-390-7705 Twitter: @yberard

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