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Charter School Growth Fund

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CHALLENGE

Academically strong charter schools face substantial obstacles in obtaining affordable commercial financing for facilities

  • Charter schools receive on average 80% of student funding that traditional schools in the same district receive
  • Charter schools typically have to finance their own facilities
  • Emerging operators with high potential but limited track record feel this challenge even more acutely

PROGRAM STRATEGY

The foundation seeks to increase the number of academically strong seats in charter networks that serve students of color and low-income populations

  • Build capacity by leveraging other funding sources, both public and private
  • Increase the number of students graduating from high school college-ready

PARTNER

Charter School Growth Fund
Non-profit organization focused on supporting high-performing charter management organizations

Foundation focus: provide high-performing and high-potential charter school operators with facility financing

INVESTMENT

Low Interest Loan Reinvestment
Date: October 2016
Co-Investors: Walton Family Foundation, Schusterman Foundation and Harry Bradley Foundation
Associated funding: Small operating grant

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