Archive for Thursday, January 17, 2008
Charter groups
Founded: 1994, in Houston (now based in San Francisco), by teachers Mike Feinberg and Dave Levin
Schools: 57, mostly fifth- through-eighth grades; 10 in California; two in L.A. Unified
Amount from Broad: $12 million now; $6.3 million previously
Goal: Four new schools in the L.A. area, serving a total of 2,300 students by 2013
Some other funders: $50 million over seven years from Gap co-founders Doris and Donald Fisher; $18 million from the Bill & Melinda Gates Foundation
Philosophy: Longer school days, longer school years, character building, school climate focusing on skills such as how to pay attention.
Founded: 1998, by Don Shalvey, a Silicon Valley-area superintendent, and Netflix founder Reed Hastings
Schools: 21, various grade levels in three regions: Oakland, Stockton and Los Angeles County – with four schools in Huntington Park
Amount from Broad: $5 million now; $3.5 million previously
Goal: 13 new schools in the Carson and Huntington Park areas of L.A. Unified
Some other funders: $8 million from the Bill & Melinda Gates Foundation; about that same amount from the Walton Family Foundation
Philosophy: Focus on areas with large, underperforming schools. Graduates leave with college credits, job experience and money in the pocket.
Founded: 2003, by Glenn Pierce, former bagel chain and pizza chain executive who attended the Broad Superintendents Academy
Amount from Broad: $6-million no-interest loan and $300,000 for operating expenses; at least that much in past funding
Goal: Leverage $30 million in a revolving fund to pay for thousands of charter seats
Some other funders: $6.9 million from the Bill & Melinda Gates Foundation; $6.7 million from the Walton Family Foundation
Philosophy: Help charters find and pay for facilities.
Sources: Broad Foundation and
the three organizations
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