May 6, 2021 Breaking News, Latest News, and Videos

Santa Monica School District to Increase Fundraising:

Deep cuts due to the state’s ongoing budget crisis have increased the need for fundraising at the local level for the Santa Monica-Malibu Unified School District. In order to meet this need, the district’s fundraising arm, the Santa Monica-Malibu Education Foundation (SMMEF), has developed a new strategic vision.

This vision was presented to board of education on Aug. 10. A key goal is to substantially increase sustainable revenues from diversified resources to respond to the emerging needs of the district. To that end, SMMEF aims to generate at least $1 million in annual, sustainable revenue by the end of 2013. In addition, by the end of 2013 the group aims for the endowments for academics, arts, and athletics to have principal balances of at least $2 million each and have an annual endowment campaign to continue growth into the future. SMMEF plans to accomplish this through enhancing its strategy for raising annual sustainable revenue along with developing additional strong community partnerships.

SMMEF currently raises approximately $400,000 to $500,000 annually from their various partnerships and programs.

Another goal of the strategic vision is for SMMEF to develop a master agreement with the district so that the funds it raises can be properly allocated for needed programs in the schools. Also part of the vision are changes to SMMEF’s organizational structure which its members hope will help them expand their ability to draw upon the community’s expertise in fundraising, marketing, and financial management.

The organization’s new strategic vision was developed through a community-wide visioning process that included the participation of teachers, parents, senior citizens, business leaders, and City officials. The SMMEF’s board of directors approved it in June 2011. The vision also supports the district’s newly adopted strategic plan, specifically the plan’s goal of providing an excellent education to all district students.

The board was very supportive of the vision. “I know young people will have greater opportunities despite the fiscal crisis we’re facing from this vision,” noted Board member Oscar de la Torre.

Board President Jose Escarce responded to the comment by SMMEF’s Executive Director Linda Gross that “in the past SMMEF has been hampered by the way we can fundraise.” Escarce stated, “we should create the right framework for those who want to contribute to the district.” Escarce and the board were also supportive of the foundations efforts to learn about the foundations in other districts including their relationships with their foundations. They requested Superintendent Sandy Lyons to “undertake an investigation, examination, and assessment of what these relationships are and what would be optimal for our district.”

Also supportive of the plan was Jan Maez, the district’s chief financial officer. “The events of the last week have put the funding model the legislature adopted for the state budget at risk. I think the idea we won’t have mid-year cuts in December is fading pretty fast.” It’s never too soon to think about addressing any additional cuts from Sacramento.

in News
Related Posts

Riviera Mansion on Market for $25 Million

May 4, 2021

May 4, 2021

 6 bedroom, 10 bathroom Riviera mansion hits market  By Chad Winthrop A nearly century-old Riviera mansion complete with a speakeasy...

Venice’s Fox Theater Revamp

May 4, 2021

May 4, 2021

A developer wants to revamp the historic Fox Theater building in Venice. Learn more in this video made possible by...

Edify TV: Site Work Begins on Nearly Billion Dollar LAX Station

May 4, 2021

May 4, 2021

Site work has begun for a nearly billion dollar light rail transit station coming to LAX. Learn more in this...

Nearly 50-Unit Affordable Housing Complex Breaks Ground in Santa Monica

May 4, 2021

May 4, 2021

Development combines retail and residential units  By Toi Creel A 50-unit affordable housing complex recently broke ground in Santa Monica’s...

Edify TV: Concert Capacity Rules Issue for Small Venues

May 4, 2021

May 4, 2021

Live music is back in LA County but the owner of a Westside jazz club says reopening will have to...

Santa Monica City Council Gives Green Light to Pursue Main Street Closures

May 3, 2021

May 3, 2021

Lawmakers instruct staff to develop proposal that would close Main Street to vehicles on weekends By Sam Catanzaro Santa Monica’s...

Rents on The Rise In Santa Monica: Santa Monica Beat – May, 3, 2021

May 3, 2021

May 3, 2021

Local news and culture in under 5 minutes. * Rents on The Rise In Santa Monica * Natural Gas Leak...

Woman Killed by Vehicle on 10 Freeway in Santa Monica

May 3, 2021

May 3, 2021

Victim struck at Cloverfield Boulevard on-ramp Sunday night By Sam Catanzaro A woman was struck and killed by a vehicle...

Santa Monica Police Use Naloxone to Save Overdose Victim in Park

April 29, 2021

April 29, 2021

SMPD save woman who has overdosed on Oxocodone By Sam Catanzaro Santa Monica police used Naloxone to save a woman...

Edify TV: Could Penmar Golf Course Become Affordable Housing?

April 29, 2021

April 29, 2021

Under a state bill facilities like Penmar golf course could be converted into space for affordable housing. Learn more in...

Hard Kombucha Tasting Room Opens on Main Street

April 29, 2021

April 29, 2021

JuneShine opens on Main Street in Santa Monica Toi Creel A hard kombucha tasting room has opened on Main Street...

Italian-Style Raw Seafood Bar Comes to Santa Monica

April 29, 2021

April 29, 2021

Crudo e Nudo, a new Italian-style raw seafood bar on the Westside offers sustainably sourced fresh fish, shellfish and crustaceans....

Film Review: The Serpent

April 28, 2021

April 28, 2021

8 One-Hour Episodes Miniseries Released April 2nd on Netflix The Serpent is an intense miniseries based on the horrific true...

Heal the Bay Aquarium Under Santa Monica Pier Reopens

April 27, 2021

April 27, 2021

Aquarium opens with patio exhibits for weekends By Sam Catanzaro The Heal the Bay Aquarium under the Santa Monica Pier...

Santa Monica College Student Film to be Screened at Cannes

April 27, 2021

April 27, 2021

SMC student film “Broken Layers” accepted into The American Pavilion at Cannes By Sam Catanzaro Santa Monica College (SMC) student...