Read the full case study of our RenArts partnership here.
Founded in 2003, Renaissance Arts Academy serves 540 students in grades TK-12 in North East Los Angeles. The school brings together students from L.A.’s diverse ethnic, economic and cultural populations; 65% of whom come from low-income families. RenArts offers a unique program that integrates a classical curriculum with performing arts learning experiences. The school has received several noteworthy academic awards including USC’s Top Ten California Charter High Schools in 2015, was awarded a Gold Ribbon school in 2015, and is a 3-time winner of the California Distinguished School Award, an honor for high-performing schools that narrow the achievement gap. RenArts’ award- winning program has produced a 16-year history of strong student success, including 100% graduation, 97% acceptance to 4-year universities, and top 10% in statewide test scores.
EFF provided a $16.1M loan to finance the acquisition of the school that RenArts had previously leased from Turner Agassi. The school locked in a 30-year fixed rate loan that will save the network up to $3.5 million over 35 years compared to projected lease payments.