Spearfish Foundation for Public Education

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Spearfish Foundation for Public Education
PO Box 1351
Spearfish, SD 57783
605.717.1201

Funding Prioroties

Basically, the Foundation has two funding concerns; one, to build an endowment for the future, and, two, get funds into our schools now to bolster the quality of education for today’s students.

The second priority is to get funds into our schools now. Within the schools, to date, the Foundation has targeted its funding to Spearfish School District’s academic programs through:

Special projects requested by the school district and approved by the Foundation Board of Directors.

Special projects initiated by the Foundation.

And, special projects initiated by the donor and approved by the school district.

SFPE Permanent Endowment

The first priority is the general support of the Foundation endowment. Consequently, we ask that a portion of all gifts to the Foundation be invested in the permanent endowment. The Foundation policy regarding contributions to the permanent endowment is:

60% of all non-restricted gifts will be directed to the permanent endowment, 40% will be distributed.

20% of all restricted gifts will go to the endowment, 80% will be distributed as requested by the donor.

Funding Limitations

Funding Limitations

Limitations on Contributions Are:

While the Foundation recognizes the value of athletics to the Spearfish School District, the purpose of the Foundation is to support, promote, preserve and foster philanthropy towards the academic pursuits of the Spearfish School District students. Therefore, any funds received shall be granted in the support of academic pursuits and no such funds shall be granted to or for athletics.

All Spearfish Foundation for Public Education supported projects and programs must be approved by the school district.