deborah mcgriff – partner, newschools venture fund presentation
TRANSCRIPT
SCHOOL TURNAROUND INVESTMENT STRATEGY
October 13, 2011
ERS SCHOOL TURNAROUND SUMMIT
Our Mission
To transform public education through powerful ideas and passionate entrepreneurs so that all children – especially those in underserved communities – have the opportunity to succeed.
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• History of supporting high-performing charter management organizations (“CMOs”)
• Increasingly, CMOs asked to partner with local districts to restart low-performing schools
• Given demand, NewSchools began to fund development of school turnaround operators.
NewSchools’ Work in School TurnaroundERS SCHOOL TURNAROUND SUMMIT
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Our Investments
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Wave One (2003-2010)
Wave Two (2009-2011)
Wave Three (2011-)
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Mastery Charter Schools
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Harrit
y
Man
n
Smed
ley
Pick
ett
Shoe
mak
er
Thom
as
Perc
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t Stu
dents
Pro
fici
ent
Before Mastery2010-2011
Year 1
Year 4
Year 5
Year 6
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Academy for Urban School Leadership
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Sher
ma
nHar
var
dMor
ton
Howe
Bethu
neJo
hnso n
Bradw
ell
Dulles
Curtis
Denee
n
Perc
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t Stu
dents
Pro
fici
ent
Before AUSL2010-2011
Year 1
Year 1Year
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Year 2
Year 2Year
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Year 3
Year 3
Year 4Year
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ReNEW Charter Management Organization
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SciTe
ch
Acad
em y Batist
e
Acad
em y
Before ReNEW2010-2011
Perc
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t Stu
dents
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fici
ent
Year1 Year
1
What We’ve Learned
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Central organization
Regional concentration
Org design for scale
Mission-driven staff
Intense focus on culture
Greater community engagement
Additional / incremental staff
Supplemental resources
Successful turnaround operators emulate practices of high-performing charter management organizations…
…but the unique challenges of turnaround schools require more:
Varied school design modelsCommitment to high
expectations
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Hurdles to Success
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• Inefficiencies at district partner
• Inadequate school leader pipeline
• Federal funds don’t flow directly to operators
• Unsettled policy environment
• Limited pre-turnaround startup funding
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Wave Three Pipeline
School Turnaround Investment Strategy
Traditional
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New Paradigm for Education (Detroit)
Generation Schools (Brooklyn, Denver)
STEMCarmen High School of Science and Technology (Milwaukee)
TBED21 (Philadelphia)
HybridProject GRAD USA (Houston)
Schools for the Future (New York)
Firstline Schools (New Orleans)
Matchbook Learning (Detroit)
Future is Now Schools (LA, New York)
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Pipeline Geography
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The Achievement Gap Persists Through College
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We cannot be two nations – one with access to high quality schools and another with failing schools and limited options.
~ Cory Booker, Mayor of Newark
Mortensen (2007), Pell (2007)
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Visit Us Online
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www.facebook.com/newschools
www.twitter.com/nsvf
http://newschools.org/blog
www.newschools.org
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Contact Information
School Turnaround Investment Strategy
Deborah McGriff(617)589-9454
ERS TURNAROUND SUMMIT