The Basic Fund

The Basic Fund

The Basic Fund

Overview
Date Founded

1998

Headquarters

475 14TH ST STE 520 OAKLAND CA 94612-1936

Charitable Causes

Student Services
Youth Development

Employees (Worldwide)

12

Industries

Social Interest
Investment Services & Portfolio Management

Company Description

The BASIC Fund began awarding scholarships in 1998. The idea was to educate less fortunate inner-city children, who may be locked in an unacceptable school situation. For example, schools a long way from home or where learning is impossible because of overcrowding, lack of discipline, gangs, drugs, or lack of caring and motivation. All these situations have in common a detriment to learning, and parents who must accept these conditions because they cannot afford to do anything about them. The area of education that seemed most logical to support was the elementary school, K through 8th grade. We felt if we could help the children in their earliest years, they were more apt to have a chance of success. For, without an education, many were doomed to a life of crime, drugs, unemployment and a situation not unlike what they had grown up with. The main qualification for eligibility for a BASIC Fund scholarship is that the families meet the financial guidelines set in the application; which are similar to the Federal Reduced Lunch Program guidelines. Also, the students must be entering the grades K-8. When granted a scholarship, it is necessary for the students to meet all the academic requirements of the private school to which they apply. We aim to offer a meaningful scholarship that in most cases approaches 50% of the tuition, with the parents making up most of the difference. Currently, the scholarship is up to $1,600 per year. We are a helping hand, not a hand out. BASIC Fund families must also have a stake in this educational endeavor. They have a stake if they are contributing to the cost of schooling. For the school year that began in 1998, The BASIC Fund awarded scholarships to 355 students who attended school in San Francisco County. The students attended forty-six different schools. In 1999 we expanded the program to include students attending schools in Marin and San Mateo Counties. In 2001 we expanded the program to include students in Alameda County. For the 2005-2006 school year we expanded our programs to include students attending school in Contra Costa County. And, in 2008 we expanded our program to include Santa Clara, Solano, Sonoma and Napa Counties. Currently, we are supporting 5,000 students in The Bay Area at about 300 different schools. Since our inception we have enjoyed generous matching gifts from Children's Scholarship Fund in New York and Arthur Rock. This means that with 100% of our administrative costs covered by contributions from our board of directors, every dollar we raise in contributions becomes multiple dollars in scholarships.

Contact Data
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Executives & Employees

Executive Director

Adiministrative Manager

Programs Director

Development Director

Board of Directors

Former President & Chief Executive Officer at Chevron Corp. (Inactive)

Member, Board of Governors at San Francisco Symphony

Founder at First Republic Bank (San Francisco, California)

Fund Advisor at Templeton Asset Management Ltd. (Hong Kong)

President-Emeritus at The Branson School

Founder at Student Lending Analytics LLC

Managing Partner at Springbok Partners

Senior Vice President Regional Director at Capital Group Private Client Services

Chief Investment Officer at Santa Clara University

Owner at Spieker Senior Development Partners

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Key Stats and Financials As of 2016
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$6.93M
Non-Profit Donations & Grants Received
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