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A Community-Based Foundation Established
For The Purposes Of:
Supporting the Abingdon Public Schools and all
students who reside in District #217 by soliciting,
receiving, and disbursing funds to enhance
educational, extra-curricular, and inter-scholastic
programs.
The Abingdon Public Schools Foundation was
incorporated as a general not for profit corporation
in Illinois in April, 1992
Due to the declining tax base and cuts in state aid
for education, the Foundation was formed to provide
past students, members of the community, and friends
of District #217 with the ability to directly
ensure the livelihood and quality level of education
provided by the Abingdon
Public Schools.
The Foundation has received tax-exempt status from
the Internal Revenue Service, and all gifts to the
Abingdon Public Schools Foundation are tax
deductible.
The object of the Foundation is to receive funds, in
which funds or the earnings there on will be used to
supplement education, extracurricular,
and inter-scholastic programs operated by the board
of Education of Abingdon Community School District
#217, and to strengthen the relationship between the
public schools and the Abingdon Community.
Funds or properties received by the Foundation may
be of two types:
(1) Restricted funds, Which the donor may specify to
such uses as scholarships, endowment of academic
chairs, purchase of buildings and equipment, and
support of specific educational and extracurricular
activities.
(2) Unrestricted funds, Which may be used for the
support of extracurricular activities authorized by
the Board of Education, as well as support materials
for educational purposes.
However, no properties acquired may be used in whole
or in part for programs which theboard of education
is mandated to provide, except for "extracurricular"
activities.
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