9.4 - LCS Fundraising Policy

SERIES 9 - FINANCES AND ACCOUNTING

The Core Knowledge Charter School Foundation is the non-profit organization which exists to support charitable donations to Liberty Common School. The CKCSF is managed by a Board of Directors separate from the LCS Board of Directors, but includes one LCS BOD member as a non-voting member of the CKCSF. The CKCSF Employer Identification Number is: 84-1354344.

Fundraising Activities: LCS Board of Directors (BOD) and the Core Knowledge Charter School Foundation have chosen to support fundraising activities that will include, but not be limited to:

1. Year-End Campaign: A fundraising solicitation will be sent to members of the Liberty community, including current families, grandparents, families of Liberty graduates, Liberty alumni, and other friends of Liberty Common School. The solicitation content will be generated by the Director of Fundraising in collaboration with the Development Committee, LCS BOD, and Headmaster. The campaign is to be launched in the second half of November and will utilize channels such as traditional mail, email, social media, and crowdfunding-style giving days.
2. Fundraising Events: Events may be hosted throughout the year as determined by the Director of Fundraising, Development Committee, and the BOD. Examples may include a spring gala-type event, 5k, golf tournament, auction-based event, raffles, etc.
3. Capital Campaigns: Large-scale capital campaigns may be implemented as needed for building/grounds construction and renovation projects.
4. Affiliate Sources: Revenue generating partnerships with organizations such as Amazon Smile, King Soopers Rewards Cards, Morning Fresh Dairy milk bottle caps, Box Tops, etc. may be promoted.
5. Employer Matching Programs: Members of the Liberty community may participate in their employer’s charitable gift matching program, if available.
6. Giving-Day Events: Efforts such as an alumni class challenge as well as participation in Colorado Gives Day or #givingtuesday may be implemented as needed.
7. Crowdfunding Campaigns: Student clubs, athletic teams, and academic teams may launch a small-scale crowdfunding-style fundraising effort. Some crowdfunding efforts may be promoted school-wide as appropriate, though most will target a smaller pool of donors utilizing email and social media as the primary communication channels. Groups who implement crowdfunding campaigns may pursue sponsorships from interested businesses in the community. Campaigns will be reviewed and approved by the Director of Fundraising in collaboration with other school administrators and the Development Committee as needed. All funds generated will be made available to address the needs of the club, team, or group as solicited.

Additional Fundraising Activities: All new fundraising ideas must be submitted for review and approval. Review should initiate with the Director of Fundraising and involve the Development Committee, and administration as appropriate. The Development Committee may present new fundraising requests to the BOD for approval as needed and appropriate. All representatives of the Liberty community must follow this process prior to any and all solicitations of individuals or businesses.

Sponsorships: Sponsorship donations may be solicited. A qualified sponsorship payment is a payment made by a person/organization engaged in a trade or business for which the person/organization will receive no other substantial benefit other than the use or acknowledgement of the business name, logo, or product lines in connection with the organization’s activities. Examples of placement include athletic programs, school sports facilities, event programs, and electronic signage. Qualified sponsorship payments may be considered gifts.

Restrictions on Fundraising Activities:

1. LCS will not support fundraisers connected with businesses in which the member or agent of the business has potential for personal gain through the relationship.
2. Student fundraisers will be limited in number, will avoid door-to-door, telephone, and supermarket-type solicitations, and will complete the approval process prior to commencing. Fundraising for student groups will be primarily through a crowdfunding model.
3. LCS will not support fundraisers to support school-approved trips (including, but not limited to local field trips or domestic/foreign tours).
4. Funds generated from fundraising activities may not be used for personal gain or to supplement the compensation of any LCS employee or coach.

Designation of Funds Raised: The BOD, in collaboration with the FAC, Development Committee, and LCS administration, will determine the designation for all fundraising monies on an annual basis (with the exception of Crowdfunding). They will then request the funds from the CKCSF Board of Directors. Once approved by the CKCSF Board of Directors, the funds will be transferred directly to Liberty Common School accounts. Generally, funds will be directed to areas of strategic importance and/or greatest need and should directly benefit the students and/or school community.

The Liberty Common School (LCS) Athletic Booster Club, is a parent-run, volunteer group helping Junior High and High School Athletic Teams by raising funds to supplement the athletic budget.

The LCS Athletic Booster Club operates in cooperation with LCS and the Core Knowledge Charter School Foundation (CKCSF) and follows the regulations and requirements of the Colorado High School Activities Association (CHSAA) Revenue is generated through ticket sales, sponsorship opportunities, camp fees, crowdfunding, and other fundraising events. All funds are earmarked for specific teams. Teams, through the coaches, use the funds in a wide variety of ways: uniforms, equipment, team-building, coaching clinics, end of season parties and gifts, away game meals, camps, team activities, gear, etc. The Booster Club cannot supplement coaching salaries.

Adopted: 03-23-2000
Amended: 05-21-2005
Amended: 12-03-2011
Amended: 11-16-2017
Amended: 3-26-2020