Currently funding our 2010 Program:
September 2010 - June 2011 School
Year
13th Program
Anticipate 1,100 new scholarships
BASIC Fund Statistics
300 Participating Schools
Over 5000 Students
In excess of $50 Million paid for scholarships
14,000 Children have received BASIC Fund assistance
Key Points
- Started in 1998, only qualification is low-income
- Currently the BASIC Fund is the only program providing a substantial amount
of new scholarships in the Bay Area
- Paid $7.4 million to the schools for the 2009-2010 school
year
- We seek four-year commitments from our donors, with one time gifts spread
over four years
- Natural attrition allows us to carry every child through the eighth
grade graduation
- 90% of BASIC Fund eight graders graduate high school, compared to a comparable public high school graduation rate of less than 50%
- Parents choose the school their child goes to, not the BASIC Fund
- We accept all siblings in the program, keeping families together
- Most BASIC Fund Scholarships go to students
attending private school for the first time
- The maximum scholarship is $1,600 per year
- All non-scholarship expenses are covered by
directors' contributions
- Donations are matched through matching grants from Arthur Rock and Children's Scholarship Fund in New York
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