The BASIC Fund
- Company typePrivate
- Founded1998
- HeadquartersOakland, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
The BASIC Fund firmographics
Firmographics- Name
- The BASIC Fund
- Legal name
- Basic Fund
- Website
- https://basicfund.org
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
The BASIC Fund industry classification
Industry- Product category
- K-8 Private School Scholarships
- NAICS
- Educational Support Services (611710), Educational Services (61)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Education Grantmaking Foundations (BPAGAKAK)
- akta.pro secondary industries
- Scholarship & Fellowship Foundations and Trusts (EDADAHAC), Scholarships, Grants & Education Benefits Administration (Financing-adjacent) (FSAKAEAM), Foundation/NGO & Philanthropic Scholarships (EDAIAOAH)
Keywords
Where The BASIC Fund is headquartered
LocationHeadquarters
- HQ city
- Oakland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The BASIC Fund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Marketing or Sales, Personnel, Technology or R&D, Infrastructure
Revenue model
- Donations and Charitable Contributions: The BASIC Fund generates revenue entirely through donations from individuals, corporations, and foundations. The organization does not charge fees for scholarships. Board members cover all administrative expenses, allowing 100% of donations to go directly to scholarships. Major gifts have included $5 million anonymous donation, $19 million to the Scholarship Foundation, and a $20 million pledge. The 2025 Transforming Lives Luncheon raised $1.7 million in nine minutes through a generous match by Capital Group Chair Martin Romo.
- BASIC Fund Scholarship Foundation Endowment: In 2023, the organization launched the BASIC Fund Scholarship Foundation as a 501(c)3 with an initial fundraising objective of $40 million. The Foundation reached $50 million in less than 30 months. Proceeds from donated assets (such as a 1964 Ferrari 400 Superamerica) are directed into the endowment fund, creating a sustainable long-term funding source.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | 25% tuition coverage for households up to $52,860 (2-person) to $149,180 (9-person) |
| Other | Annual | 50% tuition coverage for households up to $39,645 (2-person) to $111,885 (9-person) |
| Other | Annual | 75% tuition coverage for households up to $26,430 (2-person) to $74,590 (9-person) |
| Other | Annual | Maximum scholarship award of $2,750 per student per year |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
The BASIC Fund product offering
Product offeringCore offering
The BASIC Fund provides need-based tuition scholarships to low-income families in the nine-county San Francisco Bay Area, covering 25-75% of the family portion of private school tuition (up to $2,750 annually per child) for Pre-K through 8th grade. The organization operates through a network of 250+ partner private schools including Catholic, Christian, Independent, and other denominational schools, with scholarships awarded on a first-come, first-served basis and renewable through 8th grade graduation.
Product overview
The BASIC Fund is a single-product nonprofit scholarship-granting organization offering one primary service: need-based tuition scholarships for low-income families to attend private schools in the San Francisco Bay Area (PreK-8th grade). The core offering is the BASIC Fund Scholarship Program, supplemented by the BASIC Fund Scholarship Foundation (endowment vehicle launched 2023), a School Finder tool for identifying participating schools, Family Resources for connecting with support services, and a School Partnership Program for institutional participation. The organization does not offer a tech platform or software product with modules.
Differentiator
Problem solved
Functional benefit
Products and services
- BASIC Fund Scholarship Program Need-based tuition scholarship program providing 25-75% tuition coverage up to $2,750 annually per child for Pre-K through 8th grade students at private schools in the nine-county San Francisco Bay Area. Scholarships are renewable annually through 8th grade graduation.
- BASIC Fund Scholarship Foundation Long-term endowment initiative established to sustain and grow scholarship funding for future generations. The Foundation reached $50 million in less than 30 months from launch, providing a sustainable funding source for BASIC Fund scholars.
Quantifiable outcome
- 98% of BASIC Fund scholars graduate from high school
- +6 more outcomes
Companies that use The BASIC Fund
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles3 records
The BASIC Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The BASIC Fund partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- BayScholarscorePartner organization working with The BASIC Fund in the Bay Area education ecosystem.
- College TrackmajorPartner organization supporting BASIC Fund students with college preparation and access programs.
- Peninsula BridgemajorPartner organization providing educational support services to BASIC Fund students.
- NFTE (Network for Teaching Entrepreneurship)majorPartner organization supporting BASIC Fund students with entrepreneurship education.
- Aim HighmajorPartner organization providing summer learning programs for BASIC Fund students.
- CSF (Children's Scholarship Fund)coreThe BASIC Fund is affiliated with Children's Scholarship Fund, a national organization that helps low-income families access private school education. CSF has partners granting scholarships in Oregon, Massachusetts, New Jersey, and other states.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
The BASIC Fund competitors and assessment
Company assessmentDirect peers
- Step Up For Students: Florida-based scholarship-granting organization administering K-12 private school scholarships for low-income families. Operates the largest state-level school choice scholarship program in the U.S., a close functional analog to BASIC Fund.
- Peninsula Bridge: Bay Area nonprofit providing educational support and college access programs to low-income students, including private school placement. An active BASIC Fund partner serving overlapping families in the same geography.
- Children's Scholarship Fund: National K-8 private school scholarship-granting organization that BASIC Fund is directly affiliated with. CSF operates partner scholarship funds in multiple states using the same tuition-assistance model BASIC Fund uses in the Bay Area.
- ACE Scholarships: A directly comparable private K-12 scholarship-granting organization operating in multiple U.S. states with the same model: needs-based tuition assistance for low-income families to attend private schools of choice.
- EdChoice: National nonprofit advocating for and supporting private school choice through scholarship programs and policy. Operates in the same school choice ecosystem and serves overlapping donor and policymaker constituencies.
- BayScholars: Bay Area scholarship-granting organization supporting low-income students to attend private K-12 schools. A direct ecosystem peer listed as a BASIC Fund partner operating in the same nine-county region.
Broad incumbents
- KIPP Foundation: National network of public charter schools serving low-income communities with a college-prep mission. Operates in education equity at scale and competes for similar philanthropic capital and policy attention, though via public charter schools rather than private school scholarships.
- Boys & Girls Clubs of America: Large national youth services nonprofit operating after-school and educational programming for low-income youth. An adjacent youth-services incumbent that competes for similar nonprofit donor dollars and serves overlapping Bay Area families.
Others
- DonorsChoose: National crowdfunding platform directing charitable dollars to public school classroom needs. An adjacent education-philanthropy infrastructure provider that competes for similar donor mindshare but serves public school teachers rather than private school families.
Emerging players
- RaiseMe: Education technology platform focused on college access and scholarships for low-income and first-generation students. Adjacent to BASIC Fund's downstream college outcomes mission through shared target demographics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
The BASIC Fund social profiles
Digital presenceThe BASIC Fund compliance and trust
Trust signalCompliance3 records
The BASIC Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
The BASIC Fund leadership team
Management profileNumber of profiles
Profiles16 records
The BASIC Fund subsidiaries and ownership
Company hierarchySubsidiaries1 record
The BASIC Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The BASIC Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The BASIC Fund
What does The BASIC Fund do?
The BASIC Fund provides need-based tuition scholarships to low-income families in the nine-county San Francisco Bay Area, covering 25-75% of the family portion of private school tuition (up to $2,750 annually per child) for Pre-K through 8th grade. The organization operates through a network of 250+ partner private schools including Catholic, Christian, Independent, and other denominational schools, with scholarships awarded on a first-come, first-served basis and renewable through 8th grade graduation.
Is The BASIC Fund a public or private company?
The BASIC Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was The BASIC Fund founded?
The BASIC Fund was founded in 1998. It employs 1 to 10 people.
Where is The BASIC Fund based?
The BASIC Fund is headquartered in Oakland, United States, in the North America region.
How does The BASIC Fund make money?
Two revenue lines are on record. Donations and Charitable Contributions are the primary driver. The others are BASIC Fund Scholarship Foundation Endowment.
Who are The BASIC Fund's main competitors?
Direct peers on record are Step Up For Students, Peninsula Bridge, Children's Scholarship Fund, ACE Scholarships, EdChoice and BayScholars. Broad incumbents are KIPP Foundation and Boys & Girls Clubs of America. DonorsChoose is listed as an others. RaiseMe is listed as an emerging player.
Does The BASIC Fund have an API?
No public API is recorded for The BASIC Fund.
What industry is The BASIC Fund in?
The BASIC Fund's product category is K-8 Private School Scholarships. Its primary akta.pro industry code is BPAGAKAK, Education Grantmaking Foundations, with a secondary code of EDADAHAC, Scholarship & Fellowship Foundations and Trusts. Its NAICS code is 611710 and its SIC code is 8300.