LAKER EDUCATIONAL FOUNDATION Creativity, Innovation & Excellence
aker Educational Foundation
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What is an educational foundation?
The general intent of an educational foundation is to provide funding for activities that are beyond the scope of traditionally supported school activities. A community based group solicits donations, manages those funds and disburses them through a granting process. The non-profit foundation is a separate entity from the school district it serves.
A steering committee was formed in 2004 to explore the idea of an educational foundation, independent of the 719 school district. The foundation began in 2005 with the name of Prior Lake-Savage Area Educational Foundation. In 2011 it was changed to the Laker Educational Foundation to reflect the community it serves.
A mission statement was adopted (see below).
Today, the foundation has grown and has prospered under various leadership, offering in excess of $306,000 to students, teaching staff and community members.
Inspire and enrich creativity, innovation and excellence in ISD 719 | PLSAS
The Foundation is located in Prior Lake and Savage, and its mailing address is P.O. Box 840, Prior Lake, MN 55372. The Foundation is a 501(c)(3) tax exempt public charity under the Internal Revenue Code, and contributions are tax deductible, subject to limitations in applicable law. No goods or services are provided to any donor in exchange for contributions. Unless otherwise specified, contributions to the Foundation will be used for its general charitable purposes and endowment. This disclosure is made under Minn. Stat. 309.556.