Fund for UCAP Board
The Fund for UCAP is a private
non-profit corporation, established in 2007, that raises,
holds, and invests funds for the benefit of the Urban
Collaborative Accelerated Program (UCAP). Funds are for
student programs, capital needs, staff incentives, and
special initiatives identified by the boards of the Urban
Collaborative or the Fund for UCAP.
The Fund for UCAP was established to
enhance the flexibility of thoughtful individuals to raise
and manage funds to benefit UCAP and its students. UCAP is a
public school controlled by the superintendents of the
participating school districts. Because of its status as a
public school, the Urban Collaborative operates in a
financial and legal environment that is more restrictive
than
traditional non-profit organizations even though it is also
registered as a non-profit 501 (c) (3) independent school.
The Fund for UCAP provides donors with the assurance that
their gifts will be used in perpetuity as intended. Such
assurances assist the Fund for UCAP in all aspects of
fundraising.
Each year, the Fund for UCAP raises
private funds from individuals, businesses, foundations, and
fundraisers. The Fund for UCAP will from time to time
initiate capital campaigns for capital needs and endowment.
The Fund for UCAP works closely with the Urban Collaborative
to identify needs and to provide funds on a timely basis. At
least two members of the board of the Fund sit on the
advisory board of the Urban Collaborative.
Money raised by the Fund is used
primarily for the short-term, year-to-year needs of the
Urban Collaborative. The single greatest use of such funds
is for costs associated with Beyond School programs at UCAP.
In the past 10 years, the Urban Collaborative has raised
more money for Beyond School programs than has been needed
to fund these programs each year. Surplus funds have been
held by the Urban Collaborative with the effect of
increasing the reserve fund to its current level of $1.8
million. All of this activity - fundraising, disbursement of
funds, investing of funds, and building an endowment -
has been shifted to the Fund for UCAP.
Andrea B. Joseph, CFRE
Director of Development
Fund for UCAP Board
