Answers to Frequently Asked Questions
What is the Nanaimo-Ladysmith Schools Foundation (NLSF)?
It is a legally constituted, independent, community-based, non-profit Foundation, incorporated in 2008, whose sole purpose is to provide community support to deserving elementary and secondary school students in Nanaimo Ladysmith Public Schools. It has assumed the role played for many years by the Nanaimo Schools Financial Awards Society (formed in 1982), which received and presented graduation awards to deserving students.
Who is on the Foundation?
The Foundation is made up of volunteers from the community, who are invited to serve because of their professional background and previous community service experience. They serve two-year terms and elect a President, Vice-President, Treasurer and Secretary. The Foundation operates under a Constitution and Bylaws.
Is NLSF a department of Nanaimo Ladysmith Public Schools (School District 68)?
No. The Foundation is autonomous and is managed and directed by the community Board, as above. The Foundation is served by two School District employees and is located on School District property, but staff report to the Foundation board. School District and Foundation representatives meet several times each year and have open lines of communication.
Who manages the money?
The Foundation manages all donor funds in our own bank and investment accounts. A professional accountant serves as the Foundationís Treasurer and oversees financial activity and annual reporting.
Can donors determine how their donations will be spent?
Annual commitments of $500 or more can be directed to specific scholarships. Donors can also choose to support a specific school. All general donations and fundraising proceeds are combined into the omnibus Student Support Fund that is distributed equitably to all schools.
How are you funded?
Nanaimo Ladysmith Public Schools (School District 68) provides funding for 1.5 staff, who are district employees, and covers basic operational costs and office space.
What are your priorities?
Each year the Foundation and Nanaimo Ladysmith Public Schools consult on current needs and priorities related to instruction and student support, and the Foundation directs its activities towards supporting those needs. Currently our two streams of activity are (1) receiving and disbursing annual scholarships and bursaries to graduates, and (2) raising funds for the Student Support Fund to help students who are vulnerable because of poverty issues.
Are you registered as an official charity?
Yes. The Foundation was federally and provincially registered in 2008 and is entitled to recognize charitable gifts of $20 and more with an official receipt for tax purposes. Our registered charitable number is BN 11905 2801 RR0001.