The BASIC Fund announces over 1,000 new scholarships Anonymous $5 million donation allows clearing of waitlist OAKLAND, Calif. — June 23, 2026 — The BASIC Fund, California’s largest non-denominational PreK-8th grade scholarship-granting organization (SGO), announced today that a $5 million gift will allow the organization to clear its waitlist and serve more than 1,000 new […]
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The BASIC Fund Receives $19 Million GiftFoundation now totals $50 million OAKLAND, Calif. — June 11, 2026 — The BASIC Fund, California’s largest non-denominational PreK-8th grade scholarship-granting organization (SGO), announced that its new Foundation has reached a $50 million level since launching less than 30 months ago. This milestone marks an important step in building
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Supply, Demand, and the Power of Compounding February 25, 2026Rachel Elginsmith Chief Executive Officer at The BASIC Fund BASIC Fund application season has begun, and demand for scholarships continues to increase—our application total is up 12% from 2025, which saw a 9% increase from 2024. As more parents seek out new educational opportunities for their
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New CA Poll: Strong Majority of California Voters Support Opting Into the Federal Scholarship Tax Credit (FSTC) Critical K–12 resources hang in the balance — opting-in will deliver new funding for millions of families, while opting-out will let resources leave the state. Sacramento, CA — Education Reform Now (ERN) today released findings from a new poll
Will 2026 tax changes reduce your charitable deductions? Will 2026 tax changes reduce your charitable deductions?A new set of federal giving laws takes effect on January 1, 2026, and for many donors, it will reduce how much of your charitable giving is deductible. We want our BASIC Fund community to have clear information—and the opportunity to
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The BASIC Fund Raises $1.7 Million in Nine Minutes SAN FRANCISCO, CA, UNITED STATES, November 4, 2025 Panoramic views of the Bay greeted more than 200 community leaders, educators and philanthropists at the BASIC (Bay Area Scholarships for Inner-City Children) Fund’s Transforming Lives luncheon, held at the St. Francis Yacht Club on October 7. The
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School Choice: Nonprofits in Blue States See Opportunity in Federal Tax Credit Observers say some Democratic leaders will only participate if they can “carefully regulate” the new program. For 27 years, the BASIC Fund, a nonprofit, has awarded scholarships to help families in nine Bay Area counties in California to send their children to private
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Transformational Generosity: How One Extraordinary Gift Changed Everything April 17, 2025Rachel Elginsmith Chief Executive Officer at The BASIC Fund What’s one moment that transformed the course of your life—or your work? In 2019, a donor reached out to us with an idea that would change the trajectory of The BASIC Fund forever: he wanted to
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A New Opportunity February 10, 2025Rachel Elginsmith Chief Executive Officer at The BASIC Fund With the dizzying moves in Washington and a case in the Supreme Court examining the constitutionality of religious charter schools on the horizon, not to mention the recent disappointing (“heartbreaking”) NAEP scores showing the further decline of our nation’s performance in
Floor It! A Rare Ferrari Brings Opportunity to Low-Income Kids Experience the stunning restoration of a 1964 Ferrari 400 Superamerica—fueling dreams and funding brighter futures for low-income scholars through The BASIC Fund! San Francisco, CA – In a remarkable fusion of luxury automobiles and philanthropy, The BASIC Fund, a nonprofit that funds school scholarships for
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The BASIC Fund is a privately funded 501(c)3 scholarship-granting organization whose mission is to advance education equity for low-income families by helping offset the cost of tuition at private schools in the Bay Area.
