Founders Event: Important Head of School Update
What a joy it will be to honor Traci Foster and Connie Rae on April 21st at our Founders’ Event, for their faith and vision that gave birth to Logos Academy. We want to give you an important update which has an impact on our plans for this event.
Logos Academy is building momentum. In the 2014-15 fiscal year, we generated $1.5M in tax credit contributions, which allowed us to provide generous scholarships to families. Paying on average as little as $1400, families sent their children to Logos Academy, where their standardized test scores are up to four times higher than neighborhood schools, and the cost to educate is 71% of the cost of our public system. Our intent was to launch a Legacy Society and endowment effort as a first step in securing the future viability of our mission.
However, the 270-day-old PA State budget impasse necessitates a detour. Legislative inaction has wreaked havoc on our budget through lost and delayed tax credits. Scholarships were granted, with the expectation that business contributions would come through. Governmental squabbling has created a $800,000 gap in our current budget.
The good news is that time and again, God has provided generous people who have stepped into the gap for students who society is content to allow to fail. Our community of support is making it clear that this resolve has not waned.