Interesting article in this month's Seattle magazine. (I'd provide a link but they only put parts of their content online and this article isn't one of them.)
It's about the fund-raising gap between schools in Seattle and elsewhere.
Apparently, Portland Schol District has enacted a policy on this issue. A school can keep the first $5,000 raised and after that a one-third rule kicks in. The third goes to the Portland Schools Foundation to determine how the redistribution would work. They decided that the third would be set aside in a citywide fund to decrease the achievement gap. (It doesn't say how schools apply for the money or if it is just distributed). Apparently it isn't hurting fundraising; in 2004-2005 the Equity Fund raised $650,000 and in 2005-2006, the fund raised $840,000.