Types of Startup Grants

A school in "startup" mode is eligible for one of three different types of Walton Family Foundation startup grants. The foundation defines "startup" mode to be 15 months before filing for a charter and through the schools first year of operation. The maximum amount any school can receive in startup funding is $250,000. Depending on where a school is in the authorization process, a school is eligible for one of three different funding options:

Phase I - Pre-Authorization: This grant is awarded to schools that have not received formal approval or an authorizer, have a formal business plan and financials (among other requirements), and who are very likely to open and receive a charter.

  • Purpose: To help school developers begin school startup activities while awaiting final approval from their authorizer.
  • Amount: Up to $30,000 
  • Timing:  A proposal may be submitted up to 15 months before filing a charter petition.
  • Requirement:  A positive consumer credit report [for groups without 501(c)(3) status under the IRS Code]

Phase II - Post-Authorization:

  • Purpose: To help school developers with startup costs after a charter petition is approved by an authorizer.
  • Amount: Up to $220,000
  • Timing:  A proposal may be submitted once the school is approved by its authorizer and during  the school’s first year of operation.
  • Requirement:  Proof of Charter Authorization

Phase III - Combination Startup: $250,000 Maximum – A proposal may be submitted once the school is approved by its authorizer and during the school’s first year of operation. 

 

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