FINANCIAL HEALTH

The Friends of Foundation Academies is proud to report another year of strong support from our amazing donors. The Friends and our schools raised $468,328 in gifts and grants from individuals, corporations, and foundations.

In addition to providing and maintaining the facilities our students deserve,* the Friends invest in three key areas:

1. Student Enrichment

2. Alumni Support: The Knight Fund

3. Faculty Support

2021-22 CONTRIBUTIONS

■ Individuals 67% ■ Corporations 11% ■ Foundations 22%

WHERE YOUR INVESTMENT WENT

■ Student Enrichment ■ Alumni Support ■ Faculty Support 38% 20% 22%

■ Facilities Improvements (unrelated to lease agreement) 3% ■ Operations 17%

*FACILITIES OUR CHILDREN DESERVE

Under NJ law, charter schools may not build facilities with public funds. To expand and improve our high school facilities, the Friends of Foundation Academies purchased the neighboring vacant Holy Cross rectory site and spent the better part of the 2018-19 school year constructing a new 10,217 square foot addition in the city’s south ward. The existing school building received a complete HVAC, electrical, and interior upgrade. The Friends of FA proudly owns the high school campus and leases it back to the school.