Special Nite Cap: Catch Up on Today's Post 12/18/16
Chief among the concerns by the [JeffCo] school board: the charter’s business model. The charter planned to rely partly on grants from the Walton Foundation and on tuition, up to $1,500 per month, from parents of pre-K students, to cover the budget.Then there’s the involvement of the Walton Foundation. Head of School Amy Malick (sp.) told The Colorado Independent that the foundation had no involvement with the charter beyond a $250,000 grant, contingent on the charter winning approval from the Jeffco board.In fact, the school was the brainchild of Walton Foundation board member James Walton, a resident of Golden.The Independent obtained a letter from James Walton to the Jeffco board that attempted to clarify the foundation’s involvement. …Walton’s letter dealt with the school’s proposed location, off West Center Avenue in east Lakewood. A property for the school was purchased last month by TGNA Holdings, which also holds title to the land and building of a Walton-backed private preschool in Edgewater. …Contrary to Malick’s (sp.) description of TGNA as a non-profit, Walton said the company is a Delaware-based single-member limited liability company. TGNA will either buy or sell property on its own behalf, he wrote.However, while its articles of incorporation show TGNA is a Delaware company, its principal mailing address, according to documents filed with the Colorado Secretary of State, is a post office box belonging to Walton Enterprise, Inc. of Bentonville, Arkansas.