As a Hermosa Beach parent and a proud supporter of the Hermosa Beach Education Foundation we wanted to pass along the good news from the good folks at the HBEF.
Hermosa Beach Education Foundation (HBEF) President Carol Kluthe announced the organization’s 2018-19 fiscal year end results at $1.34M gross and $1.25M net. These results surpass HBEF’s 2018-19 fundraising goal of $1.2M, and are 20% ahead of last year’s efforts and 17% ahead of the best year on record for HBEF.
At the School Board meeting on July 10th, Kluthe presented a check for $1.1M, the largest amount ever presented by HBEF to the schools. The bulk of HBEF’s donations come from its Annual Giving fundraising efforts, combined with events like Skechers Walk and Hearts of Hermosa, sponsorships from the business community and new grant money received this year.
With the dollars, HBEF is fully funding again for next year every teacher for the district’s popular enrichment programs such as Sparks and Idea Lab, librarians, music teacher, PE, and Middle School electives like Art, Spanish, Tech, and STEAM.
With the additional money raised this year, HBEF will be funding a new Assistant Principal at Valley School who will have a social-emotional wellness focus for the district. Spanish will roll out to 7th grade students in their wheel of electives providing every 7th grade child an opportunity to learn the basics of the language and culture. New computers in STEM Labs were supported by a grant from HBEF, along with the newly created teacher Google Certification Fund, the new bereavement fund, and mid-year grants to district for art and Accelerated Reader & Math programs.
HBEF also made a contribution to its endowment of $100,000 bringing the endowment’s market value to $2.5M.
“HBEF exists to fill a large gap in funding, but our passion is to help drive the quality of education in this community,” said Kluthe. “I am incredibly proud of the HBEF team, our volunteers, the Hermosa community, parents, staff, and the local businesses and sponsors who were there with us every step of the way. We truly raised the bar, and I could not be more excited for where we are heading.”
A Complete List of 2019-20 Funding by HBEF Includes:
- Salaries of 9 Educators
- New Assistant Principal with social-emotional district focus
- Accelerated Reader & Math program for both 2018-19 and 2019-20
- Additional funds needed for new computers in STEM labs
- A newly created Teacher Google certification fund
- A new bereavement fund for students who have lost a sibling or parent to aid with tutoring or counseling.
- $100, 000 to the HBEF Endowment