Maryvale Preparatory Academy, part of the Great Hearts Academies network of high-performing charter schools serving the Phoenix metropolitan area, was recently approved for a community investment loan for up to $3 million from CopperPoint Mutual Insurance Company.
The CopperPoint loan enables Maryvale Prep to carry out its plans to build a permanent and sizable campus home and to serve many more students within the Maryvale community. This strategic investment during Maryvale Prep’s start-up years also allows it to build ahead of student body growth and avoid patchwork solutions as it adds additional grade levels. The build-out, to be named CopperPoint Hall, will add 11 new classrooms to the existing, modest classroom space, creating one expansive and cohesive K-5 campus.
“CopperPoint has the ability to invest anywhere,” states Dan Scoggin, CEO of Great Hearts Academies. “By investing in Maryvale Prep, CopperPoint is demonstrating a shared commitment with Great Hearts to the growth and development of the deserving Maryvale community. We are deeply grateful for its investment, and wholeheartedly believe that the students and surrounding community of Maryvale Prep are worthy of this opportunity. The CopperPoint Hall building at Maryvale Prep will serve the Maryvale community and graduate great-hearted young men and women for generations to come.”
Maryvale Prep currently offers grades K – 4 and serves a primarily Hispanic student population. Maryvale Prep will grow by one grade level each year until it offers a full K-12 program, and will graduate its first class in 2022. The school has a long-term lease (up to 40 years) from St. Paul’s Lutheran Church in Maryvale.
As the largest mutual insurance company based in Arizona, CopperPoint believes a strong community builds strong businesses. CopperPoint’s President and Chief Executive Officer, Don Smith, states, “We understand that education is the key to the success of each young person and that a strong educational system builds a strong community. Our investment is strategic. Arizona has been our home for 90 years and we are committed to make it the best possible place to live and work. We are pleased to be able to assist Great Hearts in serving the Maryvale community and applaud its successes throughout Arizona. We encourage all businesses, large and small, to invest in Arizona. It’s good for all of us.”