Socrates Foundation
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Facilities Project
Capital Campaign
Corporate Sponsorship Program
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FAQs
Overview of Charter Schools from NC DPI
For an overview about Charter Schools in NC click here.
Senate Bill 8 Update
Senate Bill 8 is the bill to remove the cap on charter
schools in North Carolina. For more information about this
Senate Bill, click here.
Why does Socrates Academy need to raise funds? Isn't it a public school?
- Socrates Academy is indeed a public school, but it is also a charter school. Each year, North Carolina charter schools receive a fixed, per-pupil stipend from state and local government sources, which doesn't include funding for a building, bus services or salary increases for teachers with advanced degrees. Socrates Academy must finance facilities expenditures out of general operating revenues, privately raised funds, or partnerships with other organizations. In other words, if we want to purchase or build a new facility, we need to raise those dollars ourselves.
What is the difference between Annual Funds and Capital Funds?
- Annual funds are used for operational costs at a school, such as salaries, enrichments, maintenance and supplies. While Capital funds are used for "brick and mortar type projects".
- North Carolina charter schools only receive operations funding, NOT capital funding. Money for building must come from donations or private borrowing.
Are we seeking support from outside the school community?
- External support will be critical in our effort to raise sufficient funds necessary to purchase the land for our middle school and to build a new building. However, when outside sources are approached, the first question that they ask is "What have you been able to raise internally?" It is most important right now that we achieve our goal of 100% participation so that we can better leverage our case outside of our school community. The Capital Campaign Committee will continue to explore potential donors outside of our internal school community.
How do I know if may company has a matching gifts program?
- Unfortunately, there is no universal list that lets us know all the companies that sponsor a matching gift program. Below is a list of companies that we know DO have a matching gift program.
Aetna Johnson and Johnson
Allstate Kraft Foods
Aon Corp Lincoln Financial Securities
Avaya Inc. Loews Corporation
Bank of America Lowe's
BellSouth Lucent Technologies
Best Buy Merril Lynch & Co.
Cardinal Health Nationwide
Cigna Healthcare Metropolitan Life Insurance
Cingular Wireless Microsoft Corporation
Circuit City Nationwide
Clariant North Carolina Mutual Life
Coca-Cola Progress Energy
Duke Energy Siemens-Westinghouse
Federal Express (FedEx) State Farm
Fidelity Investments SunTrust
General Electric SYSCO Food Services
GlaxoSmithKline Beecham Tenet Healthcare Corporation
Goodrich Corporation Time Warner Cable
Hoechst Celanese UPS
Hoechst Corporation Vanguard Group
The Home Depot Verizon Wireless
HSBC Wachovia
IBM Corporation Wal-Mart
IKON Office Solutions Wells Fargo & Co.
Jefferson Pilot Financial Weyerhaeuser
If you are not sure whether or not your company has a matching gifts program, please contact your HR department to get more information.
Contact Us
If you have any question about the Foundation, fundraising or
would like additional information about upcoming initiatives,
please feel free to contact us at:
Socrates Academy Foundation
3909 Weddington Road
Matthews, NC 28105
704-321-1711 X138