Glasgow Daily Times, Glasgow, KY

Local News

October 18, 2012

Ed. Commish Holliday files articles for fund corporation

GLASGOW — On Wednesday, Education Commissioner Dr. Terry Holliday, filed the Articles of Incorporation for the Fund for Transforming Education in Kentucky, an independent 501(c)(3) nonprofit organization that will serve as a valuable resource in securing additional funding for public schools.

The fund is set up to help support innovative strategies throughout the state’s public school systems, promoting creative and collaborative solutions by conducting research, spurring dialogue, incubating innovative ideas and brokering partnerships, according to Lisa Gross, communications director for the Kentucky Department of Education (KDE).

Gross said the nonprofit had been the subject of many conversations within the KDE.

“The stated purpose of that nonprofit is to seek out funding sources outside of the traditional sources, such as state, local and federal sources,” she said. “If there are grants or monies available from foundations or larger, nationwide groups, this corporation can seek those out, and then use those funds to help school districts implement innovative strategies.”

The corporation, according to Gross, will have an independent board of trustees and staff, and will seek to access multiple sources of funding in order to provide assistance to school districts.

For the full story, read the Oct. 19 print or e-Edition of the Glasgow Daily Times.

 

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