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 Capital 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 crippling 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, move modular classrooms to the new site, and build Phase 1 & 2 permanent buildings: Administration Building, Gymnasium, MS/HS Classroom Building and an Athletic Stadium. Phase 3 Fundraising invests toward building our Lower School Building, Playground and more athletic fields.
What happened to Give, Build, Soar?
Nothing! We are many of the same committee members that have been running capital campaigns since the first year at MICS. Foundations are simply a better way to handle long term fundraising, so the set up is a little different, but the mission and work is the same.
Are donations tax-deductible?
Absolutely! The Soar Foundation is a tax deductible 501(c)3 Public Non-profit, Tax ID# 46-1445063. However, if your company provides a corporate match, we are currently still applying to be added to many Employer systems. In the meantime if our Tax ID# is still pending, please know that your Capital Campaign donations can still be matched by donating directly to Mountain Island Charter School (Tax ID# 80-0467949).
How can enough funds be raised to build 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 build 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:
January 8, 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
Mountain Island Charter School
13440 Lucia Riverbend Hwy
Mount Holly, NC 28120
Non-Profit Tax ID# 46-1445063