Schools
Newly-Created Glen Rock Education Foundation Receives Cash Infusion
District thinks education foundation could bring in a significant, new revenue stream into the budget.
A newly-established education foundation has received some startup capital, Glen Rock Superintendent Paula Valenti announced last Thursday.
According to Valenti, the Glen Rock Education Foundation received a $10,000 grand from the Educational Leadership Foundation of New Jersey, half of which will pay for administrative and marketing efforts. The remaining $5,000 will emerge next year.
Prior to its creation last year, Glen Rock was among the few districts in New Jersey without an education foundation.
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School officials hope the foundation can quickly emerge as a strong revenue source. They believe it could bring in between $48,000 and $96,000 annually.
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