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What Others Are Saying about Building Equity Initiative Non-profit Lending Funds

Testimonials from partners of the Equitable Facilities Fund and Facilities Investment Fund

On February 14, 2019, the Walton Family Foundation announced that two non-profit lending funds established through the Building Equity Initiative made more than $40 million in new loans for public charter school facilities. Read the press release >

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“Working with the Facilities Investment Fund has allowed us to build KIPP Legacy High School in partnership with the community. While building a new school is about providing a high quality option for students in Indianapolis, it’s also about investing in the Martindale-Brightwood neighborhood and responding to what we’re hearing from its members. KIPP Legacy High School is set up to be an enduring part of the neighborhood and contribute to the vitality.”
– Andy Seibert, Executive Director, KIPP Indy Public Schools
“The Facilities Investment Fund financing allowed Great Hearts Texas to continue to move forward with its growth plans in San Antonio by making lower cost term financing available with no prepayment penalties. This gives Great Hearts maximum flexibility as we intend to access the Texas Permanent School Fund in the near future.”
– Ron Zoromski, Chief Financial Officer, Great Hearts America
"Partnering with the Equitable Facilities Fund on our financing is a charter leader's dream come true. The philanthropic component of this investment coupled with the lower interest rate translates into real savings on facility costs for our school. This allows our faculty to focus on what they do best: create learning experiences that tap into students' passions. This is the first step in connecting students to one another and the world beyond school in order to equip them with purpose, confidence and flexibility for their futures. This investment will build brighter futures."
– David Williams, CEO, Village Tech Schools
"Because The Soulsville Charter School is a nonprofit school in a very under-served area of the country, EFF's efforts in helping us obtain low-cost financing to refinance allow us to keep placing even more emphasis on the quality of education the instructors and staff provide every day. It has helped us dedicate more time to ensuring that every student we serve is prepared for a post-secondary education pathway to become successful adults, and allowed us to focus more on our alumni support program to make sure students not only get into college but also stay in college."
– Ross Hurst, Chief Financial Officer, Soulsville Foundation