Unlike district schools, charter schools do not receive local or bond override funding to build or maintain their facilities. Therefore, Great Hearts and the schools in our network seek bond funding from open markets to finance capital projects to build new schools or refinance existing bonds. The lease payment/debt service of the bond is paid directly from the operating budget of each academy.
Capital campaigns are run at some academies to complete campuses with program amenities for our students and teachers beyond what responsible debt service will allow.
Current Capital Campaigns:
Great Hearts Irving | Great Hearts Northern Oaks | Maryvale | North Phoenix | Scottsdale