Frequently Asked Questions

What is Wonderful Foundations’ (WF) mission?
Our mission is to create incredible foundations for learning that can uplift kids’ lives. We believe the spaces where kids learn can make all the difference in how they develop and who they become. That’s why we’re dedicated to helping charter schools create the best possible environments for their students.

Is WF an IRS 501c3 organization?
Yes. As a 501C3 public charity, your donations are tax deductible.

Where did WF get the money to help schools?
WF raised the money to purchase the properties with the sale of tax-exempt and taxable bonds. Thus we used that money to purchase the schools and eliminate the landlords that these schools once paid rent to. In turn, the schools began the process towards full ownership. Consistent with Wonderful’s mission, by transferring the title at the end of the lease when the bonds are repaid, we create equity for the schools, and generate cash savings.

How does WF help its schools?
Because the interest rate on the bonds is below commercial lending rates, there is additional cash available to help our schools. Wonderful provides grants to our schools for both program and capital needs. Once the term has ended WF intends to transfer the title to the Charter School therefore completing its mission. We estimate that an excess of $1 billion of value will be gifted back to the schools.

Where does the money go when I donate to your organization?
Every dollar goes directly to the schools. From fixing up old school buildings to building a new playground, your donation will fund important projects that transform broken schools into safe learning spaces. You may also direct which specific school you would like your donation to help.

How can my school partner with Wonderful?
If you’re a school administrator currently renting your building, contact us to see how you can join the Wonderful Foundations family.