Lincoln Academy predicts gap between state funding and educational costs

The Lincoln Academy charter school will receive less government funding for its students than traditional public schools.

The resulting financial gap will be filled by the Hendricks Family Foundation in the first five years, along with other private funding commitments, donations and potential grants.

“Because of school finance policies, charter schools throughout the country must always do more with less and must raise private resources such as grants, private donations and sponsorships in order to fund school operations. The same will be true for The Lincoln Academy,” said Kids First Beloit Board of Directors Secretary Lisa Furseth.