The MICS SOAR Foundation is a North Carolina 501(c)3 non-profit corporation responsible for implementing fundraising programs for the continued support and improvements to Mountain Island Charter School. We believe that our generous families, friends, and local corporations, who believe in the future potential of Mountain Island Charter School, will rally together to provide tax-deductible gifts required to proceed with campus development in an effort to meet the needs of our children and community.
Why does our Charter School need to do Fundraising?
Though supported by public tax dollars, North Carolina Charter Schools are not provided the same access to public funding as other non-charter public schools. When it comes to facility improvements or building acquisition, North Carolina charter schools do not have access to the taxpayer-based bonds or tax levy increases that other district schools receive.
This lack of public funds forces charter schools to use per pupil revenues for both annual operating expenses (instructional programs) and building acquisition and maintenance. North Carolina charter public schools are forced to borrow funds through conventional financing arrangements to purchase and maintain buildings. Repayment of those financing terms takes funding away from the classroom -- taking resources from instruction and putting them into bricks and mortar.
Fundraising from individuals, corporations and foundations is the only realistic alternative to offset this impact on a charter school’s finances. The SOAR Foundation will help to ensure the future success of our school! The SOAR Foundation, with the support of the MICS community, has raised funds to inject the equity necessary to borrow money to buy a permanent site, and build Phases 1, 2, and 3 with Instructional, Arts, and Athletics facilities. With such amazing support, we now have one of the most amazing and effective public educational campuses in the Carolinas. But there is more to do.
We have a full campus. Why are we still fundraising?
As a public charter school, Mountain Island Charter School opened its doors without books on the shelves, desks in the classrooms, or computers in the office; in fact, there were no doors to open, and no permanent roof to put them under.
In ten short years, we have seen MICS grow into one of the strongest K-12 public education programs with among the best facilities in the Carolinas. The MICS SOAR Foundation and MICS community accomplished this through hard work and the generous help and support of families, staff and local businesses. We could not have done it without your unabashed support.
While we’ve accomplished our initial construction goals, our work is not done simply because the bulldozers are gone! SOAR and MICS still need your support in 2020 and beyond.
Here are just some of the ways the MICS SOAR Foundation supports MICS:
• Debt Service on Construction Loans
• Supplemental Math & Reading Materials
• Expanding Art & Athletic Offerings
• Landscaping & Campus Beautification
• Maintenance & Repair Reserve for all Buildings and Amenities
While these may not be as flashy as “fundraising for a new classroom building,” we can assure you that continuing the tradition of support will ensure that there are sufficient funds to service our loans, AND keep expanding our educational and extracurricular offerings. Thank you again for your continued support.
Funds Raised $250,000
Saved into reserve $125,000
Supporting School Programming $100,000
PTO Budget $ 25,000
Are donations tax-deductible?
Absolutely! The Soar Foundation is a tax deductible 501(c)3 Public Non-profit, Tax ID# 46-1445063. In addition, if your company provides a corporate match, your tax deductible donations are also eligible for employer matching. Check our Matching Gifts Page for a list of matching companies and that your donations should matched by donating directly to Mountain Island Charter School (Tax ID# 80-0467949).
How can enough funds be raised to support an entire K-12 campus?
While it would be wonderful to raise all funds needed, the immediate need is to raise the equity amounts necessary to borrow funds to support our campus, while leaving the school operational budget and cash position strong. This is possible, at a pace that our supporters can determine by the amount of their support.
NEXT BOARD MEETING:
May 13, 2020 6:00PM
Volunteer as a Soar Foundation Board Member
Parent Teacher Organization (PTO):
SOAR Foundation Board of Directors
Chairperson: Brett Rhinehardt
Treasurer: Ana Peterson
Secretary: Betty Danzi
Member: Kelly Pledger
Member: Mike Strauss
Member: Molly Calvello
Member: Kimberly Tadlock
Mountain Island Charter School
13440 Lucia Riverbend Hwy
Mount Holly, NC 28120
Non-Profit Tax ID# 46-1445063