As a trusted, independent partner, the Fund strategically pursues and manages external investments that hold the potential to significantly impact student outcomes. The Fund works closely with district and funder leadership to shape and evaluate innovative reform initiatives for potential private investment. As grant manager for these private dollars, the Fund ensures that implementation goals are met, funds are used in strict accordance with grant guidelines, and results are disseminated to appropriate stakeholders.
Over the last two years, the Fund has secured and is now managing over $20M in private dollars for such innovative efforts as:
- The Growing Great Leaders initiative to identify outstanding individuals who demonstrate early stage leadership abilities, and provide them with significant professional training and opportunities that put them on the path to becoming a highly effective school leader. This $3.3M initiative is anchored by a substantial grant from the Noyce Foundation as well as five local foundations.
- The Harry and Jeanette Weinberg Foundation’s $10M investment to build and furnish 24 new libraries over the next four to five years in elementary and middle schools across the city. To date, five libraries have opened, with an additional four scheduled to open by September, 2014. The Fund provides significant grant management and coordination for this project.
- High Value High Schools that will allow students to accelerate their learning with an emphasis on: overage, undercredited students; students struggling to balance demanding personal circumstances with an academic load; and students that want to get a head start on college. The Fund is providing fiscal management for a $4M grant from the Open Society Institute, with work beginning at two high schools this year.
- Early Childhood Initiative to leverage funds devoted to City Schools’ ten year building plan to create early childhood centers within newly constructed or renovated schools. The Fund will provide significant grant management and coordination for this three-year, $2.4M grant from the Harry and Jeanette Weinberg Foundation.