The Charter School Growth Fund (CSGF)[1] is a Broomfield, Colorado-based[2] nonprofit philanthropic venture capital[3][4] fund that identifies the country's best public charter schools, funds their expansion, and helps to increase their impact. CSGF is driven by a conviction that all children deserve great public schools in their communities.[citation needed]
| Company type | Private |
|---|---|
| Industry | Philanthropic venture capital |
| Founded | 2006 |
| Headquarters | Broomfield, Colorado, U.S. |
Area served | North America |
Key people | Darryl Cobb Kevin Hall |
| Website | chartergrowthfund |
Funding
editIn 2011, CSGF received a $1.25 million grant from the Bill and Melinda Gates Foundation.[5] Between 2001 and 2010, CSGF has received annual grants from the Bradley Foundation which totalled $16.5 million. The foundation increased their support to $3 million in 2012.[6] CSGF also received $101.6 million from the Walton Family Foundation.[7]
Investments
editDreambox Learning was acquired by CSGF in 2010. Dreambox was heavily funded through venture capital contributed by Reed Hastings, John Doerr, Deborah Quazzo (founder and managing partner at GSV Advisors), and GSV Capital.[8][9][10]
Governance
edit- Kevin Hall, CEO
- John J. Fisher, manages Pisces, Inc., the Fisher family’s investment portfolio (Fisher is a son of the Gap founders)[11] majority owner of the Oakland As, and chairman of the KIPP Foundation, the nation’s largest charter school management company.[12]
- James Rahn, president of the Kern Family Foundation founder of the nonprofit Educational Enterprises Inc. (EEI), a Wisconsin-based organization[13]
See also
editReferences
edit- ^ Bill & Melinda Gates Foundation (November 2011). "HOW WE WORK - GRANT". gatesfoundation.org. Bill & Melinda Gates Foundation. Retrieved June 27, 2015.
- ^ Auge, Karen (March 25, 2012). "Walton Family Foundation awards Denver $8M for school reform". Denverpost.com. The Denver Post. Retrieved June 27, 2015.
- ^ "DreamBox Learning Acquired by Charter Fund in Partnership with Education Philanthropist and Netflix CEO Reed Hastings". Retrieved August 12, 2016.
- ^ Andrus, Alex. "Venture Capitalism Meets Charter Schools". Philanthropy Roundtable. Retrieved August 12, 2016.
- ^ Bill & Melinda Gates Foundation (November 2011). "HOW WE WORK - GRANT". gatesfoundation.org. Bill & Melinda Gates Foundation. Retrieved June 27, 2015.
- ^ Davis, Matt (October 14, 2013). "Charter School Growth Fund: You're Bradley's Highest Funded Grantee". Inside Philanthropy. Retrieved 16 February 2016.
- ^ Rich, Motoko (April 25, 2014). "A Walmart Fortune, Spreading Charter Schools". The New York Times. Retrieved June 27, 2015.
- ^ Wan, Tony (Dec 17, 2013). "Netflix' Reed Hastings Leads $14.5M Series A1 for DreamBox". edSurge. Retrieved Mar 26, 2014.
- ^ Cook, John (Dec 17, 2013). "Netflix CEO Reed Hastings, VC John Doerr invest $14.5M in DreamBox Learning". Geekwire. Retrieved Mar 26, 2014.
- ^ "Venture Capital News: DreamBox Learning Inks $14.5M in Series A1".
- ^ Williams, Tate (September 17, 2014). "Fisher Philanthropy: The Three Gap Heirs Are Giving Away a Fortune". Inside Philanthropy. Retrieved June 27, 2015.
- ^ Ovide, Shira (November 23, 2011). "What Would Your Family Do With $7 Billion?". The Wall Street Journal. Dow Jones & Company, Inc. Retrieved June 27, 2015.
- ^ "James C. Rahn, The Kern Family Foundation". Inside Philanthropy. 2014. Retrieved June 27, 2015.