Kalpana Kalpana (Editor)

Charter School Growth Fund

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Industry
  
Venture capital

Website
  
chartergrowthfund.org

Founded
  
2006

Area served
  
North America

Headquarters
  
Broomfield

Type of business
  
Private

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Key people
  
Board of Directors:Kevin Hall,Greg Penner,John J. Fisher,Allan Golston,Michael W. Grebe,Mason Hawkins,Carrie Walton Penner,James Rahn,Stacy Schusterman

The Charter Fund Inc. does business as the Charter School Growth Fund is a Broomfield, Colorado-based nonprofit philanthropic venture capital fund that supports the growth of public charter schools. CSGF "invests in the highest-performing charter school operators, allowing small schools to expand into multi-school networks. Since 2006, the group has awarded between $160 million to $170 million in grants and loans."

Contents

Funding

These are among funds received:

  • $1.25 million grant from the Bill and Melinda Gates Foundation in 2011.
  • Recurring annual grants from the Bradley Foundation totalled $16.5 million between 2001 and 2010, and had increased to $3 million for 2012.
  • $101.6 million from the Walton Family Foundation.

    • Investments

    Dreambox 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.

    Governance

  • Kevin Hall, President & CEO
  • Greg Penner, co chair
  • John J. Fisher, manages Pisces, Inc., the Fisher family’s investment portfolio (Fischer is founder of Gap Inc.) majority owner of the Oakland As, and chairman of the KIPP Foundation, the nation’s largest charter school management company.
  • Allan Golston, president of the United States Program at the Bill & Melinda Gates Foundation
  • Michael W. Grebe, president and CEO of the Bradley Foundation, board of directors BMO Harris Bradley Center, former general counsel to the Republican National Committee and was the Republican National Committeeman for Wisconsin from 1984 to 2002. He was a delegate to Republican National Conventions from 1984 to 2000. In 2010, he chaired Scott Walker's campaign for governorship of Wisconsin.
  • Mason Hawkins
  • Carrie Walton Penner, daughter of Walmart chairman Rob Walton and granddaughter of Walmart founder Sam Walton
  • James Rahn, president of the Kern Family Foundation founder of the nonprofit Educational Enterprises Inc. (EEI), a Wisconsin-based organization
  • Stacy Schusterman, daughter of Lynn Schusterman and Charles Schusterman the founder of Samson, the largest privately held company of crude oil and natural gas in the United States.

    • References

    Charter School Growth Fund Wikipedia
    (Text) CC BY-SA