A Multi-Million Dollar Foundation
Realizing the importance of quality schools and their impact on the community,
the Castle Hills development team took an active role to enhance the future for
resident children by creating The Castle Hills Schools Foundation. This unique,
nonprofit organization generates over $1 million annually in perpetuity
and is funded by a fee of 1/2 of one percent of the sales price on the transfer of all
real property within the community. The system assures that families living in Castle Hills will continue to receive innovative, generously funded educational support for their children for many years to come.
Distribution of Funds
Since its inception in 1999, the Schools Foundation has distributed over $21 million to local schools and college reimbursements. Lewisville ISD schools zoned for Castle Hills have received the majority of the funds, but any non-profit school with even one student from Castle Hills is eligible. Castle Hills homeowners serve on the Foundation Advisory Boards and make recommendations on how each school uses their awarded funds.
College Reimbursement
The Schools Foundation is also dedicated to the higher education of
children in Castle Hills. College tuition expenses may be reimbursed
up to a lifetime maximum of $10,000 per eligible child, regardless of
income. The Foundation awards students $1,000 per year for 12 to 23
earned college credit hours and the annual maximum of $2,000 for
completion of 24 or more hours. To be eligible, the student must be the
child of a Castle Hills property owner, attend an accredited two- or four-year
college and be 24 years of age or younger at the beginning of the academic
semester. Applications are available May 31st of each year and must be submitted by September 1st for consideration.
Scholarship applications will be available May 31, 2027
***Please note if you have submitted an application and haven’t received a prompt response within 5 business days please check your spam/junk folder in your email***