The school was named in honor of Leon and Marjorie's mother, Fanny Edel Falk.

It is the only known laboratory school in existence to have a legal charter that stipulates its purposes and functions.

[8] The school at first was placed in temporary quarters in the Stephens house of the university until its own dedicated facility opened a few weeks later.

The Falk School facility had an original capacity for 155 children and included a nursery, kindergarten, and classrooms for first through sixth grades.

The $21.1 million expansion and renovations, designed by architectural firm Perkins Eastman,[11] features several green building components and will allow for increased enrollment of up to 403 students by 2012.

The front facade of the new addition is designed to match the stone finish of the old building with a circular drive.

The back of the building has a more modern look with red siding and two walls of windows that enclose the expanded cafeteria and library space.