Supporting Pacific Collegiate School
Pacific Collegiate Corporation was established in 2012 for the exclusive purpose of supporting the ongoing educational mission of Pacific Collegiate School, a California Public Charter School located in the City of Santa Cruz, California. Pacific Collegiate Foundation’s mission is to provide ongoing monetary support for the students and programs of Pacific Collegiate School, and wherever possible, assist the faculty and staff in providing exemplary, standards-based college preparatory and fine arts education to public middle and high school students.
Investing in the Future.
In 2012 the Pacific Collegiate Foundation purchased a permanent home for Pacific Collegiate School at 3004 Mission Street, Santa Cruz, California. The purchase of the property and subsequent construction of the current school facility was completed in 2014 with the assistance of 100’s of very generous local donors who continue to support the Mission and Vision of the school. The Pacific Collegiate Foundation currently holds title to the property and the facilities at 3004 Mission Street and leases the property back to the school for the costs associated with financing the residual debt from the purchase and construction of the facility. In addition to managing the residual debt, The Pacific Collegiate Foundation takes an active role in supporting ongoing maintenance and facility upgrades through monetary donations to the Foundation.
Pacific Collegiate School Endowment
In January of 2022 the Pacific Collegiate Foundation, in cooperation with the Pacific Collegiate School Board of Directors, established the Endowment Fund to ensure the long-term financial sustainability of the school. The Endowment Fund directly supports the Mission and Vision of the school and will ensure the core values upon which the school was established will continue well into the future.
Non-Profit Public Benefit Corporation
As a registered Public Benefit corporation Pacific Collegiate Foundation is focused on educational and charitable purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code and the corresponding provision of the United States Internal Revenue Code. Notwithstanding any other provision of these Articles, the Corporation does not, except to an insubstantial degree, engage in any other activities or exercise of power that does not further the purposes of the Corporation. The Corporation does not carry on any other activities not permitted to be carried on by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code or by a corporation, contributions to which are deductible under Section 170( c )(2) of the Internal Revenue Code. Additionally, the property of this Corporation is irrevocably dedicated to charitable purposes and no part of the net income or assets of the organization shall ever inure to the benefit of any director, officer, or member thereof or to the benefit of private persons except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered, and to make payments and distributions in furtherance of the purposes of the Corporation.
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