“Be true to your school” could be the motto of a challenge the Foundation for Madison’s Public Schools has issued to friends and supporters of public education here.
According to Martha Vukelich-Austin, foundation president, it’s taken less than 10 months for over half the schools in Madison to meet a challenge grant aimed at helping build individual endowments at every local elementary, middle and high school in the city.
The foundation is an independent, nonprofit community group that raises money to help support public education in Madison.
The grant promises to match every dollar raised at each individual school with 50 cents from the Madison Community Foundation — which manages the funds for the Foundation for Madison Public Schools — up to $3,750 at each of 48 schools. Pledges totalling up to $180,000 will yield an extra $90,000 for the schools, for a total of $270,000 to be divided among 48 schools.
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For example, Mendota Elementary School, with one of Madison’s highest poverty rates among its students but strong academic scores, had an endowment of $36,745 as of the second week in September. Other elementary schools with impressive endowments include Thoreau, with $54,968, and Shorewood, with $39,047.
East High School has an endowment of $82,944, and tiny Shabazz City High has an endowment of $63,027, compared with West High School’s $26,800, Memorial High School’s $26,397 and La Follette High School’s $13,632.
Among middle schools, Cherokee and Spring Harbor lead the pack with $63,886 and $59,855 respectively.
Local entrepreneur John Taylor provided a $250K “Challenge Grant” in December, 2003. It would be interesting to add his perspective to the the conversation. Clusty Search on John Taylor.