NEWS & UPDATES

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 […]

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 […]

Supply, Demand, and the Power of Compounding February 25, 2026 Rachel 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 […]

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 […]

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 […]