In March 2007, the Conway Board of Education unanimously approved the decision to create an endowment from donations, gifts and bequests, the principal of which shall be held in trust, in perpetuity, through the Arkansas Community Foundation. The return generated from the invested principal will be used by the Conway Public Schools Foundation Board of Directors to augment or support proposed initiatives designed to carry out the vision and mission of the CPS Foundation. It is not the intent of the foundation to supplant district financial responsibilities.