We are excited to announce that Kingsway College School (KCS) has officially opened their community bond campaign to the public. KCS is raising $4 million in community bonds, called KCS Bonds, to help build a senior school for their community.
From their beginnings as a small community school, KCS has grown to a student population of over 500 children. There’s no disputing that KCS’s JK to 8 programme produces great students. The Senior School will meet the same high standards of the Junior School, which was established in 1989, and will be aligned with the KCS vision of developing lifelong learners.
The new senior school will give students access to open spaces for performing and community-building, science labs for chemistry, biology and physics, and a fitness room to support healthy activity. Most importantly, the Senior School will give KCS students the opportunity to continue their high school education with a school that feels like home, and provide a new independent schooling option to families in Toronto’s West End.
What is a KCS Bond?
A KCS Bond is a community bond = an interest bearing loan that a non-profit or charity can issue to support a project that they are undertaking. Any individual or institution can purchase a KCS Bond and earn a fixed interest rate each year. Interest is paid out yearly, and the principal is paid out at the end of the term. KCS Bonds are eligible to be held in tax-advantaged accounts, including Tax-Free Savings Accounts (TFSA’s) and Registered Retirement Savings Plans (RRSP’s).
This financing model makes sense for KCS as they were able to set their own terms based on their financial situation, and allows them to involve their community and give back to their supporters simultaneously. Tapestry Community Capital is KCS’s community bond partner for this campaign, and will manage the investments for the length of the terms.
“We’ve intentionally launched a series of bonds to suit a wide array of people in our community, while offering them a competitive return at the end of each year,” says Bronwen Evens, Chair, KCS Board of Governors. “A Major pull is that our bonds are backed and secured by our real estate and are not correlated to financial markets.”
How can you invest?
With over $1.2 million in bonds pledged to be purchased to date, KCS is now inviting the greater community to join the journey. Visit kcsbonds.ca to invest. Register for the KCS Investor Information Session today to learn more.