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The BASIC Fund
Founded:
1998
Contact:
Meghan A. Magilligan,
Administrative Director
Address:
The BASIC Fund
268 Bush Street, No. 2717
San Francisco,
CA
94104
Phone:
(415) 986-5650
Fax:
(415) 986-5358
E-mail:
meghan@basicfund.org
URL:
http://www.basicfund.org/
NPO Spotlight - The BASIC Fund
Mission:
To broaden the educational opportunities for inner-city children by helping low-income families afford the cost of tuition at private schools in the Bay Area.
About the Organization:
The BASIC Fund (Bay Area Scholarships for Inner-City Children) provides scholarships based on financial need to students entering kindergarten through eighth grade in private schools. Ten years ago, the fund awarded its first scholarships to 355 students at forty-six schools in San Francisco County. For the recently completed school year, it awarded a total of $5.9 million in scholarships to more than 4,500 students in 234 schools in nine counties.
Current Programs:
The BASIC Fund supports ten programs, scholarships are provided for a minimum of four years and cover up to 75 percent of the participating private schools' tuition — as much as $1,500 per child per year. Families take responsibility for all costs not covered by the scholarship.
Web Site:
The BASIC Fund Web site features frequently asked questions and provides links to organizations in the Bay Area including afterschool programs, summer schools, and parent resources. The site also offers a breakdown of participating schools by county.
Funding:
The BASIC Fund is supported by gifts from individuals and grants from private foundations. It also receives matching gifts from fund president Arthur Rock and from the New York City-based Children's Scholarship Fund, so every $1 donated results in $3 for scholarships.
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