Education Equity Fund NFP
The Education Equity Fund, NFP (EEF) was established as an Illinois Not-for-Profit Corporation in May of 2020. It has applied for section 501 (c) (3) tax exempt status with the IRS.
EEF’s charitable purpose is to provide financial aid to post-secondary students pursuing careers as educators. More specifically EEF supports a diverse group of high-potential, lower-income and first-generation candidates who require financial assistance so they may enroll in and complete excellent training and degree programs in preparation for success as K-12 Educators.
Education Equity Fund NFP (EEF) invests in a self-renewing fund of Income Sharing Agreements. (ISAs) The ISAs provided tuition and associated costs of attendance for students in selected well proven programs for K-12 educators.
After EEF-funded students complete their educational programs and successfully enter the workforce, the funded participants will pay back and replenish the fund, with a fixed percentage of their income for a fixed period of time.
These remittances, allow the Fund to grow and invest in more students in the future.