What is the Nanaimo-Ladysmith Schools Foundation (NLSF) ?
It is a registered, community based charitable Foundation (incorporated in 2008) whose sole purpose is to provide community support to elementary and secondary students in Nanaimo Ladysmith Public Schools. NLSF 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 (SD68) ?
No. The Foundation 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 collaborate on needs and priorities.
Who manages the money?
The Foundation manages all donor funds in our own bank and investment accounts. A professional accountant serves as the Foundation’s 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 or bursaries. 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 is NLSF funded ?
Nanaimo Ladysmith Public Schools (School District 68) provides funding for 2 staff, who are district employees, and covers basic operational costs and office space.