1. GOT Kids Foundation Organizational Information Review A Report to the Board of Education July 5, 2011 Prepared by Facilities and Planning

2. July 5, 2011GOT Kids Organizational Info Review2 GOT Kids Status Update G iving O pportunities T o Kids ( GOT Kids ) registered and approved by State as Foundation name Implementation timeline developed and first steps underway

3. July 5, 2011GOT Kids Organizational Info Review3 GOT Kids Action Item Overview Create a Name – DONE Draft Articles of Incorporation – UNDER REVIEW Draft Bylaws – UNDER REVIEW Appoint Directors* Apply for Employer Identification Number* Apply for Federal Tax Exemption with the IRS* Apply for California Franchise Tax Exemption* Register as Charity* Obtain other necessary local permits* Obtain non-profit mailing permit* * Pending approval of Articles and Bylaws

4. July 5, 2011GOT Kids Organizational Info Review4 Issues In Need of Direction Number of Foundation Directors Number of Board Members to sit as Foundation Directors

5. July 5, 2011GOT Kids Organizational Info Review5 Foundation Director Options Number of Foundation Directors –Seven or Eleven Number of LUSD Board Members to sit as Foundation Directors –Quorum of LUSD Board members in either Director scenario (4 - 6 LUSD Board Members) –Quorum only of District representatives - including Superintendent/Designee - in either scenario (3 - 5 LUSD Board Members)

6. July 5, 2011GOT Kids Organizational Info Review6 Next Steps Through consensus, give staff direction on Director membership options Approve Articles and Bylaws at August 2 nd regular meeting Once Articles/Bylaws approved, staff will move forward with next steps in action process