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The RBBC is now pursuing a new project...The Bulldog
Foundation Fund! The goal of this project is to
build a $1M protected principle fund, for which the
yearly interest will be utilized to fund RHS Sport
and Club activities. The benefits of this fund will
be:
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Assures minimum funding, year over year |
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Increases funding levels, helping RHS
programs to become the “Best of the Best”! |
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Reduces long term fundraising pressure on
the community, local business and families. |
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Building a necessary foundation that will
fund the future needs of
RHS Sport and Club activities |
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With your support, we will need to attract
between $100K and $250K a year and it is our
expectation that we will achieve our goal
within 5 to 7 years. To achieve these
goals, we will need to greatly expand the
RBBC membership levels. Currently sitting
at under 200, we will need to raise
membership to 1000. By achieving this
membership goal, the individual contribution
levels become more manageable. While we
will accept any level of contribution, we
recommend a $100 and $250 year level…this
equates to less than $10 and $25 a month!!! |
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We must maximize our membership
levels…target 1000 |
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By giving and participation in the RBBC, for
the benefit of the students at RHS, we gain
a sense of profound satisfaction that: we
are engaged in the lives of our children; we
are providing necessary resources to allow
maximum participation in school activities;
and we are building a necessary foundation
that will fund the future needs of these
programs. |
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We are building something good for our
community |
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Who are we asking to donate? |
How
are we gathering the funds? |
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Parents |
Monthly solicitations |
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Alumni |
Local business partnerships |
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Local Community |
Government grants |
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Local Business |
Corporate & small business donations |
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Corporations |
School events |
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Government |
Community events |
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We
must protect the investment!
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It is important to place safeguards
that protect the principle and
interest from abuse. By-laws are
drafted to insure |
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We Protect Principle |
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Until the principle reaches $50K,
the fund can be housed within the
general bank accountancy, managed by
the board treasurer. |
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An outside fund manager must be
utilized for the fund, when the
principle exceeds $50K. |
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Only principle available for
withdrawal is that above $900K |
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to use principle, 80% of RBBC
membership must pass with vote of
75% |
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We Protect from misuse of interest |
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Pay-out drops to 50% of available
interest if either the district or
school reduces the athletic
department or activities budget by
5% and 75% if reduced by 10%. |
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$60K cap in 1 school year, any
excess remains with the fund as
added principle |
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No money is to be utilized for basic
maintenance of infrastructure (i.e.,
maintaining the grass fields,
lighting, etc. |
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