The Foundation maintains endowments for each of Madison’s fifty public schools. Annual income from the endowments is used to support projects and programs not otherwise funded through the core school budget. Decisions about programs to fund are made at the school level by a committee who understands the school’s needs. Each fall, every school has the opportunity to use their endowments funds in new ways, providing students and educators with the tools necessary for success.
The Foundation’s School Endowment programs is one of the only ones of its kind in the country. The endowments were made possible thanks to the generosity of John Taylor, who through the Clay-Price Fund, offered challenge grants of $5,000 to each Madison public schools. The individual schools raised the $5,000 to earn the match and establish their school’s endowment funds.