MISSION
WHAT WE DO
Fundraising Activities
Program Activities
OFFICERS & DIRECTORS
NEWS & EVENTS
CONTACT
FUNDRAISING ACTIVITIES
Consulting services
Recruiting volunteer services, with an emphasis on retired individuals, POTE contracts with public and private sector entities to provide consulting services. One-hundred percent (100%) of the fees collected from these activities are used to fund programs of the contracting organization (i.e. amounts received from a municipality for consulting services are granted back to the community for educational purposes).
Adjunct services
Volunteers are recruited, again with an emphasis on retired individuals, for POTE to contract with institutions of higher education for adjunct instructional positions. One-hundred percent (100%) of fees collected are returned to the college or university for student tuition and other benefits.
Investment activities
POTE solicits non-interest bearing loans (minimum $100,000) from individuals, corporations and foundations. The note proceeds are invested and the income generated from the investing activity is used for educational programs and services - note principal is not expended. The following is a brief synopsis of the "park idle funds for education" program:
The proceeds from non-interest bearing loans are deposited and invested in accounts collateralized in the name of the lender. Upon request, subject to certain time restrictions, the principal amount of the loaned funds are returned to the lender;
The lender has reportable taxable interest income and a charitable contribution based upon the imputed interest on the note principal. Interest is calculated in accordance with IRS regulations;
One-hundred percent (net of custodial and investment fees and commissions) of investment income earned by POTE is used to fund educational programs
In addition to the above non-conventional fundraising activities, POTE receives contributions and sanctions fund raising events in order to provide resources for educational programs. Contributions received are deductible as charitable contributions under Internal Revenue Code Section 170. POTE is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code and is considered to be a public charity by the Internal Revenue Service.