Livonia Public Schools Foundation Inc

Overview

The Livonia Public Schools Foundation Inc, with an Employer Identification Number (EIN) of 20-1085968, is a nonprofit organization dedicated to supporting public education in Livonia, Michigan. As a 501(c)(3) organization, it is exempt from federal income tax and donations made to it are tax-deductible[2].

Mission

The primary mission of the Livonia Public Schools Foundation is to enhance educational opportunities for students within the Livonia Public Schools district. It aims to accomplish this by fostering collaborations and expanding resources available to the district, thereby enriching educational experiences for its students[1][4].

Programs and Initiatives

One of the notable initiatives of the Foundation is the Competitive Edge program. This program focuses on early college planning and savings, particularly targeting kindergarten students. It provides educational resources to families on the importance of early savings and facilitates the setup of Section 529 college savings plans. The Foundation also offers seed money to help families start these accounts, aiming to make college more accessible and affordable for students[3].

The Foundation plans to extend this program annually to each incoming kindergarten class, with the long-term goal of offering it to all students within the district. Although the primary focus is on kindergarten students due to funding constraints, other parents are also encouraged to participate in the educational seminars and setup their own savings accounts[3].

Funding and Financial Operations

The Livonia Public Schools Foundation relies heavily on contributions from individuals, local businesses, and community organizations to fund its programs. In recent years, the majority of its revenue has come from donations, with a smaller portion generated from investment income[2]. The organization maintains a sizable asset base, which it uses to support educational initiatives within the school district.

Governance and Accountability

As a nonprofit, the Foundation is required to file Form 990 with the Internal Revenue Service, providing detailed financial information and governance details. This ensures transparency and accountability in its operations[2].

Impact and Community Engagement

By focusing on early college planning and providing resources for families, the Livonia Public Schools Foundation plays a critical role in supporting the educational aspirations of students in Livonia. Its initiatives help bridge gaps in financial preparedness for higher education, ensuring that more students have the opportunity to pursue post-secondary education[3]. The Foundation's efforts contribute to a stronger educational ecosystem in the community, aligning with broader goals of enhancing educational outcomes.

[1] https://lpsfoundation.org [2] https://projects.propublica.org/nonprofits/organizations/201085968 [3] https://lpsfoundation.org/competitive-edge/ [4] https://www.causeiq.com/organizations/livonia-public-schools-foundation,201085968/ [5] https://www.livoniapublicschools.org