Raleigh Charter High School Recognized for Excellence, Building Our Future The pursuit of a permanent home for our school.

Now is an ideal time to secure a permanent home for RCHS. Real Estate: the current lease is up in 2012, which gives us time to secure a new site. Financing: Banks look for a long-term charter and the RCHS charter was renewed for ten years in Fundraising: RCHS has formed a Development Office to build the school’s fundraising capacity.

Why do we seek a permanent home? RCHS is currently paying about $50,000 per month in rent which increases 3% each year. Ownership will stabilize facility costs. Ownership allows the school to be in site that is well-suited for a high school. Additional classrooms and better sized classrooms are needed.

Currently many rooms are too small. 400 sq. ft 300 sq. ft.

What were we seeking in an alternate site? A location near downtown Raleigh –Convenient access to government, arts, and community organizations for daily instruction, speakers, Flex Days, Community Work Days, Ex Days and club activities. Central location in Wake County 4-6 acres 40,000-45,000 square feet Close proximity to public parks and usable public spaces

How was the site selected? About a dozen sites were visited; over thirty were presented. The site that met all criteria is 1307 Glenwood Avenue (formerly the Methodist Building.)

1307 Glenwood Avenue

Site and building highlights Building is suited for a school Parking and carpool space 6 to 10 additional “better” classrooms Most teachers will have a dedicated classroom Another computer lab Larger classrooms and labs Superior layout potential and less “wasted” space Close proximity to fields, a park and student gathering spots.

Future Possibilities Space to add a large meeting room Lower facility costs will allow investment in faculty and programs. Control over facilities, walls, and grounds –What we lose in the charm of architecture could be overcome by the creativity and individuality of this process. Financial freedom and a strong and stable RCHS.

Future community meeting space might resemble this space which we currently rent.

What is the timeline? Due Diligence nearly complete –contractor bids, working with an architect, traffic study, city approvals Closing scheduled for September 23, 2010 Schedule Fall 2010Construction begins Summer 2011Move in

How will this undertaking be achieved? The building and renovations will cost about $10,000,000. The project is approved for bond financing of about $7,000,000. The balance will be met with capital campaign fundraising and seller financing. The campaign goal is $3,000,000 with a $1,250,000 goal for RCHS families.

Why is fundraising necessary? Charter schools are different from public schools in that our land and buildings are not provided. Facility costs must be paid from per pupil instructional funds. Charter schools are free public schools (without revenue from tuition.) The following graphs show the economic challenges of charter schools.

Note: The Wake County manager’s office estimates the shortfall is $1,224. Source: Thomas B. Fordham Institute, FY

Raleigh Charter High School $3,000,000 Capital Campaign Estimated Campaign Gift Pyramid as of August 18, 2010 Gift LevelNeeded BudgetedCurrent (3 years)Number of ContributionsCommitmentsDollars Gifts at this Level Committed $1,000, $500, ,9991 $ 500,0000 $ - $250, ,9991 $ 250,0000 $ - $100, ,9992 $ 200,0000 $ - $50,000-99,9993 $ 150,0001 $ 50,000 $25,000-49,9995 $ 125,0001 $ 31,482 $10,000-24,99925 $ 250,00017 $ 210,025 $5,000-9,99940 $ 200,00014 $ 73,080 $3,000-4,99945 $ 135,00016 $ 51,960 $2,000-2,99960 $ 120,0009 $ 20,910 up to 1,999many $ 70,00066 $ 38,005 TOTALS183 plus many $ 3,000, $ 1,475,462

Think big in small steps Some examples….. $25K gifts ($674/month for three years) $10K gifts ($278/month for three years) $5K gifts ($139/month for three years) $3K gifts ($85/month for three years) OR Quarterly payments Semi-annual payments Annual payments

Raleigh Charter High School provides a quality education for our students by Educating students to become lifetime learners Focusing on citizenship and academics But we are hoping to do more …

What if we had… a classroom for every teacher? more time to focus on the needs of individual students and educational quality? smaller classes and more electives for our students? full-time teacher to work with struggling students? the opportunity for staff development – conferences, seminars, and workshops?

Our Second Founding Please join us in making this second founding a reality. Contact us to talk about ideas and possibilities. –Carolyn Jackson Think big. Stretch. Be creative. Commit your support to this exciting opportunity. Encourage others to support this effort. If you are looking for a place where you can truly make a difference, where you can leave your mark, consider this opportunity to join a worthy cause that will secure the RCHS experience for students and families of the future.