The resolution proposes an appropriation of $10 million to the Rhode Island Foundation for the fiscal year 2025-2026, aimed at supporting public education in the state. The funds will be deposited into an interest-bearing account, with the intention of generating additional resources for local education foundations established by public school districts. Each year, 4% of the principal amount will be distributed to these local foundations, which must register annually by September 1 to qualify for funding.

The allocated funds are intended to enhance innovative teaching and learning by providing grants to teachers within the districts. The distribution of funds will follow criteria set by the local education agency foundations, ensuring that the support aligns with their specific needs and goals. The state controller is authorized to manage the disbursement of these funds as required.