ON-Lion Letter
In January 2007, the Charter School Growth Fund (CSGF) in Broomfield, Colo., which is substantially supported by The Lynde and Harry Bradley Foundation in Milwaukee, awarded a total of $16.6 million in multi-year grants and loans to four high-performing charter schools around the country.  The CSGF grants and loans, which support the schools' central operations, will enable the schools to expand and replicate their success.
 
The awardees are IDEA Public Schools, headquartered in Donna, Tex., KIPP DC in Washington, D.C., KIPP TEAM Academy in Newark, N.J., and New City School in St. Louis.

"Each of these charter schools has demonstrated strong leadership, strong curriculum, and a strong commitment to closing the achievement gap," according to John Lock, CSGF's president and chief executive officer.  "This multi-million dollar investment made over the next five years will go a long way in ensuring thousands more families have access to these high-quality options in public education."
 
During the previous six months, each of the four schools worked closely with CSGF to lay out a comprehensive strategic plan for building on strengths, addressing weaknesses, and preparing for expansion.  The schools were given a broad range of resources and technical expertise, including CSGF's in-house advisors and proven charter-school operators.
 
To ensure quality and quantity, the schools must adhere to specific milestones for growth, organizational performance, and -- most important -- continual strong student achievement in order to continue receiving CSGF's financial support.
Actions: E-mail | Permalink |