Founded in 2004, the Needham B. Broughton Capital Foundation is a nonprofit corporation governed by a board of directors, under the guidance of a board of advisors. The Foundationâs mission is to provide funding for proposals, which will enrich and enhance the lives of faculty and students at Needham B. Broughton High School today and in the future.
The Foundation also acts as a clearinghouse for any member of the community who wants to direct donations to a specific program or implement a new initiative. The Foundation designates funds on the basis of their ability to enhance studentsâ experiences while they are at Broughton and not to replace funding that is available from federal, state or local sources.
The Foundation is an Internal Revenue Code section 501(c) (3) charitable organization that operates exclusively for the promotion of the welfare of the school. Students, faculty members, and representatives of school-affiliated organizations may submit a proposal for funding by the Capital Foundation. Grant proposals are reviewed and recommended for funding by the grant committee of the Capital Foundation and funding is approved by the Board of Directors of the Foundation. Priorities for funding include those activities that will assist with teacher recruitment and retention, provide additional educational opportunities for faculty and students, and enhance the campus and facilities at the school. Funds are intended to supplement the resources provided by the Wake County Public School System, rather than serve as a substitute for those resources. Program funding falls under two categories: faculty and student enrichment, and enhancements to campus and facilities.