Great Schools Today. Great Schools Forever. This is the goal of the Manhattan Beach Education Foundation – to provide excellent educational opportunities for all students through our community schools. MBEF’s Endowment is the cornerstone of this mission, supporting and sustaining quality public education here in Manhattan Beach now and for generations to come.
GREAT SCHOOLS TODAY
For the past three decades, the Manhattan Beach Education Foundation (MBEF) has provided critical funding for Manhattan Beach public schools because state funding is inadequate. Since 1983, MBEF’s grants to our schools have directed over $75M in exceptional educational opportunities for our children that would not be possible without the generosity, time and commitment of all community stakeholders. Today, MBEF grants represent over $6M and fund educators who deliver a vast array of programs that strengthen the educational experience of our students from kindergarten through graduation. MBEF’s investment each year ensures that every student has access to personalized learning in smaller classes, comprehensive support and counseling services, and a strong, well-rounded academic program – with enrichment opportunities in Science, Technology, Engineering and Mathematics (STEM), Music & the Arts, Physical Education, and Reading, Writing & Libraries.
GREAT SCHOOLS FOREVER
Manhattan Beach is one of the first communities in the nation to have established a stable, secure and self-sustaining source of funding for its public schools. Patterned after university endowments, the goal of MBEF’s Endowment is to serve as a permanent fund to enhance and stabilize the long-term growth of MBEF’s annual contribution to the Manhattan Beach Uniﬁed School District (MBUSD). As history has proven, economic uncertainties remain constant, and the best way to prepare for them is through a consistent source like the Endowment. Gifts to MBEF’s Endowment ensure the ongoing vitality of our schools and community.
MBEF established the Endowment in 1986 with an initial $10,000. It took nearly three decades before the Endowment crossed $10M and made its first distribution of $116K. Since then the Endowment has disbursed $2.75M in total to MBEF towards its annual grants to MBUSD. When the Endowment reaches $20M and beyond, the annual disbursement will be at least $1M in total to our schools every year, regardless of fluctuations in the economy or priorities at the state level. Our goal is to reach a point where the annual return on investment is enough to make up for the instability of public school funding. That’s the power of the Endowment.
WE HAVE GREAT SCHOOLS NOW. YOUR GIFT WILL ENSURE WE HAVE GREAT SCHOOLS FOREVER.