Our core objectives are to generate reliable, robust and independent third-source funding that preserves and promotes Christian education. Additionally, the foundation will facilitate:
- Building scholarship funds that support local families who may not otherwise find Christian education to be an affordable option
- Cultivating and fostering alumni relations and enabling parents to continue their passionate support of their school
- Absolving partner schools’ Board of Directors, administrators, and faculty of the burden of fundraising
- Liberating partner schools’ faculty to focus on teaching, the administrators to focus on administrating, and the Board of Directors to perform oversight and strategic direction
The Grace Foundation Governance and Communication
- The Foundation shall exist as a separate legal entity, a 501(c)3 organization
- Membership is based on annual dues and is open to any individual, regardless of denomination
- Excess funds beyond minimum operating expenses will be used for discretionary purposes to support Christian education in the Rochester Area
- A Board of Directors consisting of 7 individuals will be voted on by the membership periodically
- The Board of Directors will meet monthly and will have an annual meeting that will be open to all members
- The Chairperson of the Board will be elected by the Board of Directors of The Grace Foundation
- Transparent, clear, bidirectional communication between The Grace Foundation and its partner schools will be facilitated between the school administrator and The Grace Foundation Communications Chairperson
- The Foundation will follow an established Investment Policy Statement for invested funds
The Grace Foundation is exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Contributions to The Grace Foundation are deductible for Federal income tax purposes in accordance with applicable laws. Please retain any acknowledgement from The Grace Foundation of your donation for income tax purposes. Although The Grace Foundation will consider any request regarding to which fund any donation will be directed, the Board of Directors of The Grace Foundation retains ultimate authority and control regarding the use of any donation.
Contact us to learn more about The Grace Foundation. We support Christian schools and local families in the Rochester, Minnesota, area.