Common use of The Foundation Fund Clause in Contracts

The Foundation Fund. a. A foundation fund shall be maintained to support school staff, L.S.A., or group activities. b. The Foundation shall be based on the principle that support for change in education is best provided at the school level or with intact groups, and that there is a greater commitment to change where groups of teachers are engaged in planning and implementing staff development projects. i. The Foundation shall be administered on behalf of the Board by the Peace River South Teachers’ Association. ii. The Peace River South Teachers’ Association will be responsible for the investment of the funds and their allocation in accordance with established guidelines. iii. The Foundation Fund will be subject to annual audit.

The Foundation Fund. a. A foundation fund shall be maintained to support school staff, L.S.A., or group activities. b. The Foundation shall be based on the principle that support for change in education is best provided at the school level or with intact groups, and that there is a greater commitment to change where groups of teachers are engaged in planning and implementing staff development projects. i. The Foundation shall be administered on behalf of the Board by the Peace River South Teachers’ Teachers‟ Association. ii. The Peace River South Teachers’ Teachers‟ Association will be responsible for the investment of the funds and their allocation in accordance with established guidelines. iii. The Foundation Fund will be subject to annual audit.