FAQ...

In the mid-90s, several visionaries established the Urban Christian Education Fund as a 501 (c) (3) charitable organization. Their vision was to strengthen urban Christian schools for their potential to be salt and light for Jesus Christ and his Kingdom in the civic life of Chicago and beyond.

In the summer of 2009, a director was appointed to lead the organization, and with a steering committee and the support of a private foundation for start-up costs, Bright Promise Fund began.

It is the intention of Bright Promise Fund to broaden and deepen a donor base of support by identifying new donors from within the Chicago business, corporate, church and Foundation communities. Bright Promise Fund will not ask for support from the current donors of affiliated schools. We hope to find ways through Board members from network schools and their current donors to connect with potential donors who live and/or work in Chicago. We also hope to spread the news of Bright Promise Fund nationally, so that former Chicagoans or those with a heart for urban Christian education in Chicago may become sustaining donors.

For our mission and vision statements, click here.

Bright Promise Fund is governed by a board of directors whose responsibility is to see that the mission and vision of Bright Promise Fund is accomplished; support, encourage and supervise the director; and monitor the finances received and generated by Bright Promise Fund. For a listing of our board members, click here.

Bright Promise Fund will be accountable to its board of directors, its books will be audited and appropriate tax forms (990) will be filed with the Internal Revenue Service. The financial records will be posted in an annual report given to network schools and all donors. See our fiscal transparency statement, click here.

Bright Promise Fund is a registered 501(c)(3) charitable organization. All gifts to the fund are tax-deductible. Gifts to Bright Promise Fund will be distributed annually to network schools in shares based on the funding formula recommended by the Board of Directors each fiscal year. 

Funds distributed annually to network schools are restricted for scholarships and tuition assistance as determined by the Bright Promise Fund Board of Directors in June 2015.  Schools are given the freedom to manage their own tuition assistance programs.

Gifts to Bright Promise Fund through planned giving (estates and bequests) will sustain a foundation endowment, with the interest earned on the accumulated principle also building Bright Promise Fund.

Bright Promise Fund Network Schools are:

Read more about the schools, click here.

 

This is not a membership organization in the sense of membership dues. A memorandum of understanding is signed between network schools so that Bright Promise Fund has permission to solicit donations on behalf of the schools and publicize them through Bright Promise Fund’s website and regular publications. Bright Promise Fund requires audited financial reports from the boards of network schools to assure donors of proper accountability systems.

By partnering with us in the promise, and becoming a sustaining donor, your monthly donation helps us fulfill our mission to strengthen urban Christian education by providing sustaining funds for tuition assistance. In addition, every dollar you give goes directly and fully to our network schools, as operating costs are met through our endowment and gifts from our board. Becoming a monthly donor is easy and convenient! Visit the donation page to learn more.