Philadelphia Industrial Development Authority Awards Financial Services Contract to Isaac Newton Foundation Inc (July 2026)

The Philadelphia Authority for Industrial Development approved issuing up to $105.5 million in charter school revenue bonds on behalf of Isaac Newton Foundation, Inc. The financing will fund expansion of the MaST II Tacony Campus, refund prior 2016 bond issues for MaST I and II, establish reserves, and cover issuance costs, with maturities up to 30 years.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $105,500,000

Contract type

FINANCIAL_SERVICES

Contract term

Final bond maturity not exceeding 30 years

Renewal

New bond issuance under a 2026 plan of finance; refunds all or portions of the 2016A and 2016B PAID revenue bonds and fully refunds the Series 2016 Bonds at closing. No automatic renewal; term governed by bond maturity schedule up to 30 years.

Document type

AgendaPacket

Source document

Philadelphia Authority for Industrial Development AgendaPacket Isaac Newton Foundation Financing 2026-07-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Philadelphia Industrial Development Authority?

Isaac Newton Foundation Inc was awarded this financial services contract by Philadelphia Industrial Development Authority, as recorded on July 14, 2026. The contract value is Not to exceed $105,500,000.

How much is the Isaac Newton Foundation Inc contract with Philadelphia Industrial Development Authority worth?

The Isaac Newton Foundation Inc contract with Philadelphia Industrial Development Authority is valued at Not to exceed $105,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Philadelphia Authority for Industrial Development AgendaPacket Isaac Newton Foundation Financing 2026-07-14 (AgendaPacket), dated July 14, 2026 from Philadelphia Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Isaac Newton Foundation Inc hold?

Isaac Newton Foundation Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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