The Phoenix Fund - Frequently Asked Questions
Raleigh Charter High School counts on financial support from families to supplement our annual state and county funding. The brochure, video and following FAQ are offered to increase understanding of charter school economics and our fundraising needs.
How will my gift make a difference? How will the donated funds be used?
Your gift will help us maintain teacher salaries that are competitive with Wake County Schools. With the continuation of generous giving, students can benefit from new textbooks, a low class and school enrollment, and upgraded science and technology equipment. Every donated dollar will be carefully used, will be greatly appreciated, and will directly benefit our students and the teachers they love.
How can I help?
Can you just tell me what to give?
We ask that every family participate in the life of the school and in financial support of the school. Every family situation is different and every family's contribution will be different. We ask all families to make a "stretch level" gift.
When can I give? What is the goal?
The annual appeal for financial donations begins every August, and we rely on contributions to the Phoenix Fund from every family, every year. Our 2016-2017 goal $325,000. This goal is easily attainable with strong support from the RCHS community. All current parents, alumni parents, and alumni will be asked to support the Phoenix Fund. Our financial year is July-June.
Why does a charter school need to raise money?
Raleigh Charter's revenue comes from fixed per-pupil allotments from North Carolina and varying per-pupil funding from the counties where our students reside. The average per-pupil amount received from state and county funding is projected to be about $7,000. These limited dollars are provided for instructional expenses (such as textbooks, supplies for each department, teacher salaries.) Charter schools do not receive funds for their land or building. Charter schools do not receive Education Lottery proceeds. We must stretch instructional funds to cover building costs (about $100/month/student).
To manage this funding challenge, we ask for support from every family, every year, and our administrators and Board of Directors work diligently to use per-pupil funds as efficiently as possible. In addition, great savings are realized by not having a gym, cafeteria, or library.
How does this funding compare locally and nationally?
A quick scan of public school budgets and private school tuitions will show the true cost of a high school education. A review of national public school spending tells us even more. North Carolina, the primary source of our per-pupil allotments, ranked 48th in the nation (2015 NEA report of 2013-2014 spending) on per-capita education spending.
What is the vehicle for raising financial support?
The Phoenix Fund is our only fundraiser. We ask everyone - every family, every year - to contribute to one fund for the benefit of the entire school. We do NOT ask our students to do fundraising through the sale of popcorn, candy, wrapping paper, etc. Those programs designate only a small percentage of your cost to our school. In contrast, 100% of your gift to the Phoenix Fund will benefit our students, faculty, and distinctive programs.
All gifts are tax deductible, are greatly appreciated, and will be carefully used.
Thank you for your generous support of Raleigh Charter High School!
Please contact firstname.lastname@example.org with any questions or call RCHS at 919-715-1155.
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