Academically strong charter schools face substantial obstacles in obtaining affordable commercial financing. Charter schools receive on average 80% of student funding that traditional schools in the same district receive. They also typically have to finance their own facilities.
The foundation seeks to increase the number of academically strong seats in charter networks that serve students of color and low-income populations. We seek to build capacity by leveraging other funding sources, both public and private and increase the number of students graduating from high school college-ready.
Charter School Growth Fund
Non-profit organization focused on supporting high performing charter management organizations
Foundation focus: provide high performing charter schools with facility financing
Low Interest Loan
Date: February 2012
Co-investors: Broad Foundation, Walton Foundation, and the Lynde and Harry Bradley Foundation
Associated funding: None