NH EFA program is “Best in America”
Tax-payers demand transparency because transparency is key to building trust. The NH Education Freedom Accounts (EFAs) are already among the most accountable and transparent education programs in our state. Let’s acknowledge the oversight that already exists for this program.
First, EFAs are established by statute (RSA 194-F), monitored by a legislative oversight committee, and subject to regular reporting. Families must apply, verify eligibility, and reapply annually. Funds are restricted by law, reviewed before approval, and tracked through auditable systems that create a record of every dollar spent. How do I know this for a fact? I know this because my family utilizes EFAs for our two children this year. I also know if a family applies to use EFA funds for something not allowed per law, they are denied the expense, and rightly so.
Second, the EFA program undergoes annual audits conducted by Grant Thornton, one of the world’s largest accounting firms. The Children’s Scholarship Fund of NH (CSFNH) is a public charity that manages the EFA Program. They ensure their independent audits, IRS Form 990 filings, and detailed financial reports, are all publicly accessible. How do I know this? I know this information because it is all published online under the CSFNH website. All you have to do is visit their website and read.
Third, CSFNH holds a 4-Star Charity Navigator rating, GuideStar’s Platinum Seal of Transparency, and the “Best in America” designation awarded to fewer than five percent of nonprofits. In addition, EdChoice has named New Hampshire’s EFA program the most effectively implemented in the country for three consecutive years, citing strong safeguards and high accountability standards. I would like to personally thank the staff at CSFNH for going above and beyond to bring even more transparency to the public than is required per law. You don’t have to trust the staff at CSFNH or me, because you can look at the numbers yourself. Long live the EFA program in NH as it is truly a gem for children and families across the great state of NH!