Have you talked it over with the principal? If the PTO is not a separate entity, the money technically belongs to the school. You could use it to endow a scholarship fund, but the school -- or in this case the district, because the school is closing -- would have to administer it. They could appoint a committee to oversee it, but I would wonder who will be around in 10 or 13 years to make sure the funds are spent as intended -- or at all.
I guess it depends on how much money you have, but if it were me, I would lean toward using it now, to benefit more kids, rather than saving it for one or two kids a year as they reach graduation age.
- Craig
Links in this post:
Craig--I agree completely that the monies should be spent now to benefit all the children however the other members of the pto board disagree. I appreciate your comments and will talk further with the principal
- jenmoe76
Links in this post: