FAQ

Why are we starting an Underwood Foundation?
Establishing a foundation allows members of the community to support funding stability for our school, preserving the components essential to our school’s success.

What will the Underwood Foundation funds be used for?

  • Recruiting and retaining outstanding teachers
  • Preserving robust instructional programming
  • Sustaining the educational environment.

How will the students benefit from funds raised by the Foundation?
Underwood’s long history of success is directly related to its teachers and the instructional opportunities they provide to children year after year. By preserving our instructional programming and maintaining the staff needed to deliver that program, we insure that Underwood can continue to positively touch children’s lives for generations to come.

How does the Underwood Foundation differ from the Underwood PTA?
The Foundation and PTA will both support the school but in different ways. The PTA provides supplies (computers, iPads, Smart Boards, etc.) and support. Unlike PTA funds, money raised by the Foundation can be used to pay for teachers and staff. As our school faces budget cuts money raised by the Foundation can be used to make sure that we are able to maintain the current staffing levels. The Foundation will also focus on retaining and recruiting great teachers and expanding what is currently offered.

Do the Underwood Foundation and PTA share funds?
No. The Foundation and the PTA do not share funds.

Will funds raised by the Underwood Foundation adversely affect how Wake County Public Schools allocates funding to Underwood Elementary?
No.  Teacher positions are allotted from the state budget based on the number of students enrolled at the school.  Other supplemental programs are driven by student population, not on funding support schools receive outside of the district and the state.

Who determines how to allocate the money raised by the Underwood Foundation?
The Foundation Board will work with the school’s Principal to determine how funding will be used. The funding projects will align with the mission of the Foundation.

How will funds be raised for the Underwood Foundation?
The Foundation will utilize a variety of methods to secure funding including but not limited to donations, special events, and grants.

What are the fundraising goals of the Underwood Foundation?
Raise $125,000 by July 1, 2017 for the 2017 – 2018 school year. Moving forward, the goals of the Foundation will be established based on fulfilling the mission of the Foundation.

Is my donation tax deductible?
Yes, your donation is tax deductible. The Underwood GT Magnet Elementary School Foundation Tax ID/EIN# is 46-­5239516. The Foundation is a 501c3 tax-exempt public charity.  Contributions to the Foundation may be deductible under section 170 of the Internal Revenue Code.