The Cedar Rapids Community School District Foundation administers funds designated for particular uses and those that can support a variety of school programs and projects. Most funds are endowed to pay annual awards from all, or a portion of, interest and earnings on the account principal.
Donations to an endowed fund are invested in interest-bearing accounts or other growth-oriented investments. Each year, all, or a portion of interest or earnings, are used to support key initiatives of the Foundation. The principal of the fund is untouched and continues to grow as a portion of interest and/or earnings are reinvested. Gifts to the endowment become part of a perpetual, growing, and dependable resource committed to improving the educational opportunities for our schools.