deborah mcgriff – partner, newschools venture fund presentation
TRANSCRIPT
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SCHOOL TURNAROUND INVESTMENT STRATEGY
October 13, 2011
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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.
2School Turnaround Investment Strategy
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3School Turnaround Investment Strategy
• 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
School Turnaround Investment Strategy
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Wave One (2003-2010)
Wave Two (2009-2011)
Wave Three (2011-)
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Mastery Charter Schools
School Turnaround Investment Strategy
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Before Mastery2010-2011
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Academy for Urban School Leadership
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ReNEW Charter Management Organization
School Turnaround Investment Strategy
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What We’ve Learned
8School Turnaround Investment Strategy
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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
School Turnaround Investment Strategy
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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
School Turnaround Investment Strategy
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The Achievement Gap Persists Through College
School Turnaround Investment Strategy
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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
13School Turnaround Investment Strategy
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
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