May 27, 2014

Fort Worth close to unveiling nonprofit foundation

Foundation is expected to support Fort Worth school district’s educational programs.

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. 

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