Sets up Oakland Public Education Fund to hold and spend donations for OUSD through 2025
Under a fiscal sponsorship agreement, the Oakland Public Education Fund (OPEF) will set up restricted funds on its books to receive and spend or grant donations of cash and other property supporting the district and its students. OPEF's own board keeps discretion and control. The agreement runs January 28, 2021 through June 30, 2025.
Plain-English summary written by AI from the official text. AI summary · amounts checked against official text
Pulled from the consent vote. Adopted in its own vote at this meeting (5–2), instead of with the rest of the consent report.
· Adopted (passed). A motion was made by President Gonzales, seconded by Director Yee,that this Agreement or Contract be Adopted. The motion carried by the following vote.
- Jessica Ramos P Nay
- Samantha Pal Absent
- Aimee Eng Aye
- VanCedric Williams Nay
- Gary Yee Aye
- Mike Hutchinson Nay
- Clifford Thompson Aye
- Benjamin "Sam" Davis Aye
- Shanthi Gonzales Aye
- Vendor / partner
- Oakland Public Education Fund
- Action
- MOU or data sharing
- Category Categories and sub-categories are assigned by AI from each item's official text, using a fixed set of definitions. They can be wrong. How categories work
- Partnerships & data sharing
- Term
- Jan 28, 2021 – Jun 30, 2025
- Presented by
- General Counsel
- File
21-0193· agendaV.-43- Outcome
- Adopted, Jan 27, 2021
Official text
Approval by the Board of Education of a Fiscal Sponsorship Agreement between the District and the Oakland Public Education Fund (“OPEF”) under which the latter agrees to establish restricted funds, as necessary, on its books to receive and grant or spend donations of cash and other property for the support of OUSD and its students, subject to the discretion and control of OPEF’s Board, from January 28, 2021 through June 30, 2025.
History
- Adopted