The Foundation for Pottstown Education Receives Contribution to Establish a Permanently Endowed Fund
The Foundation for Pottstown Education received a donation in the amount of $15,604.89 establishing a Permanently Endowed Fund. This fund was established as an Endowed Fund in 2017 by six graduates of the Pottstown High School Class of 1967 as the Pottstown High School Alumni Fund in recognition of their 50th High School Class Reunion.
The PHS Alumni Fund will benefit the educational values of students in the Pottstown School District enhancing the education of the 3,200 students through grants in support of general education, athletic projects, and programs for arts and music. As the fund is a Permanently Endowed Fund, only the interest and income generated by the investment of the funds may be used for grants.
An initial amount of $20,000 was raised through the efforts of members of PHS Class of 1967 for the PHS Alumni Fund. The first $10,000 was raised from classmates. The second $10,000 was raised from a $5,000 gift from two anonymous donors. A recent campaign from this class has raised an additional $1,000 as of mid-June.
That $10,000 cash gift was presented April 27, 2017 to the Foundation for Pottstown Education for Pottstown Promise, a program which provides scholarships for Pottstown High School students to take college courses in their junior and senior years at Montgomery County Community College.
The interest and income generated by this fund will help to provide grants supporting the Pottstown School District students. During the past three years, the donors of the Foundation for Pottstown Education have provided more than $1.1 million supporting programs such as Environmental Education Clubs, classes and field trips, fees for the Advanced Placement Tests, tuition at Montgomery County Community College of up to 30 credits for juniors and seniors in the Early College Program, equipment for the Career Technology Education, all six school libraries and art departments, athletic equipment, STEAM related field trips, and scholarships totaling $42,000 annually. The PHS Alumni Fund will support programs and equipment.
Barbara Bushey Ernico, PHS Class of 1967 was one of the leaders in establishing this fund. Barbara stated that she “was grateful for her education in the Pottstown schools, as are many other classmates. She saw this fund as an opportunity to give back to the school district that gave us a sound foundation for our future students.”
The Foundation for Pottstown Education is grateful to the PHS Class of 1967 for their support in leveling the educational playing field for the Pottstown School District.
About FPE: The mission of the Foundation for Pottstown Education is to raise funds for and support life-changing educational opportunities for the students and teachers in the Pottstown School District promoting the enhancement of our community. Visit www.foundationpottstowned.org for more information about the Foundation for Pottstown Education. You can also follow FPE on Facebook and Twitter.