28/01/2016
The School Board has recognized that over the years it has not realized the full potential of the significant support of Alumni and Friends of the Manning’s School. Further, the School Board has resolved to strengthen its focus on administrative efficiencies as well as ensuring that gains in student and teacher achievements are being made.
Arising from the above, the Board, along with a few select Past Students, conceptualized and created The Manning’s School Development Foundation (the “Foundation”), a registered charitable organization under the Charities Act of Jamaica, with the primary objective of centralizing the fundraising efforts in the name of and for the benefit of the School.
Its charitable status makes the Foundation a non-taxable entity and entitles it to a slew of other advantages, including an income tax benefit to the donors and customs duty relief on imports, as well as requiring the Foundation’s adherence to transparency requirements and fit and proper tests to be met by its Board of Directors. This charitable status makes the Foundation ideally suited to act as a vehicle for the pooling of funds from various sources and donors, and for the allocation and distribution of the monies in furtherance of the School’s projects and causes. The Foundation will consult with the School Board to develop a list of the needs of the School, organized on a priority basis, and will pay out the pooled funds in accordance with this priority index.
This approach will also improve the accountability and transparency of the fundraising process. With the Foundation as the main structure through which funds are collected and channeled, it will be easier to trace and account for all monies given to and for the benefit of the School, and to reassure donors that their gifts are being applied to impactful and worthwhile causes.
In the interests of coordination and efficiency, the Board, through the Foundation, will seek to become more involved in all existing fundraising and alumni institutions associated with the School. It must be assured that all entities that purport to be run for the benefit of the School, and that collect monies to this effect, actually make these essential funds available for the School’s use. The Foundation will seek to enter into an agreement with these bodies and persons whereby they will cooperate to inform the Foundation and School about any fundraising events they hope to conduct and give a projection of the funds they expect to receive from these activities, as well as describe how and when they intend to forward any proceeds collected to the School.
To ensure that donations are being acquired and managed in an effective and appropriate manner, the Foundation will also develop a Procurement Policy outlining the rules and practices, Board Members and other involved parties should follow in their fund-collection and related efforts.
As a result of the implementation of these changes, the Board of the Foundation will be ultimately responsible for the donated income that comes in to the School from various sources. It must thus be made clear to all involved parties what the Board and Foundation are empowered to do. This has been achieved by the creation of By-Laws for the Foundation, which enumerates and defines its functions and powers, and regulates the relationship between it and the School’s administration.
The School Board is therefore delighted about this new initiative and has shared this as a formal introduction to the Foundation, with a view to garnering the full cooperation of all stakeholders of the School.
We look forward to benefits to be gained from this enhanced partnership.
Chairman
Mannings School Board