The Charter Foundation is a non-profit corporation formed in 1999 to raise money for the creation and ongoing support of the Sebastopol Independent Charter School. The Foundation currently holds $3 million in assets, consisting of the downtown campus, which the Foundation owns free and clear as well as cash savings.
The funding for the Foundation comes principally from the pledge donations of our school families, along with various fundraising programs and rental income. In the 2011-2012 school year, an astounding 100% of school families collectively pledged over $300,000 to the Foundation.
The Foundation is managed by a five-member Board of Directors, which oversees its finances, fundraising, building maintenance and retail leasing. The Board maintains close cooperation with the School Board and administration.
Consistent with its historical practice, the Foundation contributes half of its revenue, net of operating expenses, to the School to be used as the School sees fit. The other half of revenue generated by the Foundation is held in savings for the School’s long term capital needs.