Fund for Excellence - 2008

Founding This fund was created by the Executive Committee of the Foundation to establish a continuing source of funds for new ideas and methods in teaching which would not ordinarily be funded through the school's budget. Purpose The purpose of this fund is to support projects by members of the MISD community that involve new ideas, equipment or software which would not ordinarily be funded through the school's budget. It is anticipated that those projects which demonstrate their viability will be integrated into the school's regular program. An example of the type of activities that this fund will support is the mini-grants program which is currently funded from operating accounts. If this fund is successful, then the undesignated donations in the operating accounts can be used for other pressing needs. Conditions on recipients The project should be directed toward the purpose of this fund and have promise that, if successful, it could be integrated into the normal school budget. Selection process The recipient is selected by a process developed by the Endowments Committee of the Foundation. Management and uses The fund is managed by the MISD Foundation for Excellence and contributions by the public are welcome. When an award is made, the amount is based on the average return generated by the account in recent years. All amounts contributed at the founding and at all later times shall constitute the principal which shall never be invaded. the amount of the award shall not be more than 80% of the average return generated by the account in the five years preceding the award rounded down to the nearest $100. < Return to Endowments