1: How We’re Funded
KIPP NYC relies on a combination of public funding and private philanthropy. As charter schools, we receive 80% of the public funds that traditional public schools receive and the generosity of donors helps to level the funding playing field.
As we grow, our reliance on philanthropy drastically declines thanks to economies of scale. We adhere to a policy of spending no more than district schools once our schools are fully grown. Private philanthropy is only used to support start-up costs and to close the public funding gap once schools are fully grown.