Wonderful Foundations

Wfcs i operated 13 properties located in 4 states.

Wfcs ii operated 8 properties in 6 states.

Wonderful foundation leases properties to charter schools and at the end of the bond term, it will transfer fee simple title of the leased property to the leasing charter school. In effect, the separate charter schools are acquiring their school sites. This structure reduces the transaction costs associated with having each charter school obtain separate financing, which is often prohibitively expensive. It also enables charter schools to have something that is both a frequent impediment to their mission and a significant benefit: permanency.

The revenue in excess of debt service and expenses is used for capital improvements to the charter school buildings and to make gifts and grants to its tax-exempt charter school tenants through the 'wfcs giving fund'. In addition, Wonderful Foundations (a) provides technical assistance to public charter schools; (b) conducts education and advocacy activities about and for public charter schools; and (c) provides grants to public charter schools to support innovative programs.

Rent revenue from direct charitable activities

Management fee income from direct charitable activities