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Investing for Scale and Impact: Charter Management Organizations (CMOs)

Investing for Scale and Impact: Charter Management Organizations (CMOs). NewSchools Venture Fund June 18, 2010.

gretchen-herrmann
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Investing for Scale and Impact: Charter Management Organizations (CMOs)

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  1. Investing for Scale and Impact:Charter Management Organizations (CMOs) NewSchools Venture Fund June 18, 2010

  2. To transform public education through powerful ideas and passionate entrepreneurs so that all children – especially those in underserved communities – have the opportunity to succeed in the 21st century. NewSchools’ Mission: Transforming Public Education Theory of Change • Identify the most promising education entrepreneurs • Use engaged venture philanthropy to help build early-stage, education organizations into scalable, sustainable, high-impact ventures • Develop networks of thought leaders across the business, education, nonprofit, and policy communities in order to help our ventures succeed and create leverage for broader systemic change NewSchools Venture Fund 2010

  3. A Value-Added Investor Individual Donors $ Portfolio Organizations $$ NewSchools Foundations Government $ $ Social Returns 3

  4. NewSchools’ Disbursements to CMOs NewSchools Venture Fund 2010

  5. Scale of NewSchools’ CMO Portfolio At almost 71,000 students, NewSchools’ CMO portfolio would be the 50th largest school district in the U.S. Number of Students Number of Schools NewSchools Venture Fund 2010

  6. K-8 HS Proficiency of Low-Income StudentsSchools 3 years or older, compared to host districts Math 34% of schools are 20 percentage points higher than their host districts in both reading and math 76% Reading AVERAGE: +17 (c) NewSchools Venture Fund 2010

  7. 20/20 Honor Roll in Reading and MathSchools 3 years or older, compared to host districts • Across the portfolio, the low-income students in 36 schools outperformed district counterparts in both reading and math by 20 percentage points. (c) NewSchools Venture Fund 2010

  8. Relative Scale of NewSchools’ Investment Investment Today = $1,000/Seat ($70.7M/71,000 Seats) Investment at Scale = $470/Seat ($70.7M/153,000 Seats) Annual Spending: Boston Public Schools vs. NewSchools NewSchools Venture Fund 2010

  9. Barriers to Greater Private Investment Venture Philanthropy and Creative Financing (e.g., PRIs) Specialized Intermediaries Investment in Organizing & Advocacy Investment in Data Systems, Research & Evaluation Next Slide Large-Scale Need Early–Stage Risk Political Risk Inadequate Data Unclear Theories of Change CMO Profiles for offsite

  10. Alternative Theories of Change District Adoption Public-Private Partnership Tipping Point Creative Destruction Replicable Models Collaborative Supply Critical Mass Market Leadership Larger Scale NewSchools Venture Fund 2010

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