The Russell Independent Schools Education Endowment Foundation, Inc., is an independent, non-profit, tax-exempt, public charity incorporated under Section 501 (c) (3) of the Internal Revenue Code. A gift to the Foundation is a charitable donation that can be claimed as a tax deduction by the donor. The Foundation exists solely to receive and manage private gifts for the advancement and benefit of students of the Russell Independent School System. The Foundation does not receive public funds, such as those issued by the state or federal governments.

The Russell Independent Schools Education Endowment Foundation, Inc. is governed by an independent, volunteer board of directors. Through its board and committee structure, the Foundation gives alumni and friends a personal involvement in the fund raising and asset management, which they themselves are encouraged to support.

Gifts fall under two categories:

1. Restricted: Endowment gifts designated for a specific purpose, as agreed to by the donor

2. Unrestricted: Endowment gifts to support programs and services not supported by state funds, endowment income, or other services.

The goal of the Russell Independent Schools Education Endowment Foundation, Inc. is to support the district's continuing committment to excellence. Past, present, and future students are fortunate to have the continuing support of the public, private, and business sectors of our community. Likewise, the parents of children who attend our schools have instilled pride and committment to outstanding educational and character values. The financial resources generated through the Foundation will be another resource for maintaining our statewide recognition as a symbol of excellence.