Charter schools are publicly funded but do not receive the same level of support as regular public schools. Arco Iris Spanish Immersion School receives 80% of the per pupil funding allocated by the state and we have to make up the remaining 20% through fundraising. In addition, charter schools like ours are required to cover expenses that traditional public schools do not, such as technology services, rent/mortgage, etc. As a result, we operate with a considerable shortfall per student.
The fundraising target for the 2021-2022 school year is $750 per student.
This amount covers the gap between our existing revenue and our operating budget, in addition to contributing a small amount to the long term financial sustainability of the school.
Arco Iris has set a goal of 100% family participation to close this gap, and we provide several fundraising opportunities throughout the year to enable families to donate. We know that some families are able to contribute more than the $750 Gap Contribution and some will need to contribute less. Regardless of the size of your contribution, we hope that all families will find a way to financially support our school.
Arco Iris is a 501(c)(3) nonprofit, so contributions are tax deductible in accordance with tax laws.
WHERE DOES THIS MONEY GO?
Your Gap Contribution goes directly into our operational budget and supports the core academic program, BSD charter requirements, facilities costs and teacher salaries.
Attracting and retaining great teachers is fundamental to providing a top notch program. In recognition of this, the Arco Iris Board raised teacher salaries for the 21-22 school year, but we still are not at the level of our local public schools. Our goal is to offer a pay rate that is commensurate with other bilingual programs in our area. In order to do this, we need to close our funding gap.
HOW CAN I MAKE A CONTRIBUTION?
There are several ways you can help us close the gap:
- You can make a lump sum payment, here
- You can donate stock.
- You can set up recurring monthly payments, here
- You can participate in corporate matching programs through your employer. Check with your human resources department to find out if your company has a matching plan for its employees’ charitable donations.
- You can participate in our annual fundraising events. In addition to direct donations, we also offer two major fundraising events each year as well as several smaller fundraising opportunities.
- Text GAPCONTRIBUTE2122 to 366283