“If it allows us to retain 85 percent of whatever we raise and keep it in Malibu... I’m in favor of doing it.”
they raise. (15 percent of all cash gifts to individual schools or the district be deposited into an “equity fund,” administered by an external organization). I don’t see 15 percent as being a substantial impact to Malibu High, for sharing that with other schools across the district, which would conversely mean they’re sharing it back with us — even though some of the other schools aren’t raising as much.
Originally published in the Santa Monica Daily Press print edition on January 19, 2004. Read the original PDF.