Faith Academy Endowment Fund

Faith Academy serves low-income youth and their families in Iowa City. Many private schools expenses are covered by tuition, however, our tuition covers only 10 percent of the cost of educating our scholars, with other costs covered by donations from businesses, individuals and grant awards. We turn away no one due to their inability to pay.

Faith Academy is a K-5 school with 75 scholars in 2017-2018, with a plan to add 6th grade in 2018-2019. We offer a full curriculum, including instrumental music for 5th grade students. We partner with organizations such as Tanager Place that provides a full-time therapist on site, who works with students and families and teaches the skills necessary to build strong leaders for our community. Faith Academy student body represents 12 countries! And many of our scholars' families have moved from Chicago or other large metropolitan cities.

Through a partnership with Community Foundation of Johnson County, two funds are available for donations:

Faith Academy Endowment Fund

  • Donation may qualify for a 25 Endow Iowa Tax Credit, in addition to federal tax benefits.
  • The Faith Academy endowment fund provides a 5 percent distribution to Faith Academy on an annual basis, so as the endowment grows, the distribution to Faith also grows.

Faith Academy Charitable Giving Fund

  • A donation to the Faith Academy Charitable Giving Fund allows the Faith Academy to request a distribution of these funds at any time to support the operational budget of the organization. The Foundation charges a minimal distribution fee when the funds are requested.

Faith Academy is grateful for the partnership with the Community Foundation of Johnson County and happy to provide our donors two options to support our school!

 

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