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What a Foundation CAN Do:

• Accept cash or property as donations
• Assure the wishes of the donor
• Offer income and estate tax advantages
• Remain separate and apart from the school board
• Own real property
• Receive grants from other foundations

What a Foundation CANNOT Do:

• Influence school policy
• Operate school programs
• Attempt to influence tax levies or legislation
• Support political candidates
• Allow any benefit to go to its trustees