Kennedy Primary Academy was built on Olive Street at the site of the former Kaley School. The school was named after John F. Kennedy, 35th President of the United States. Robert F. Kennedy, Jr. attended the school's dedication ceremony on October 29, 1972. One of the unique features of the school is the planetarium.
Today, Kennedy Primary Academy is a magnet school for students in kindergarten through grade 4. The school is designed to offer academic challenges beyond those requires by Indiana Academic Standards to highly capable students. The Academy provides a stimulating educational environment. Students participate in both guided and self-directed exploration across subject areas with an emphasis in the sciences and mathematics. The Academy is available to all primary children who meet the criteria for admission. Enrollment is controlled on a capacity and racial compliance basis. All students are eligible for bus transportation.