A Case Study in Venture Building: NewSchools Venture Fund’s Work With New Leaders for New Schools
NewSchools supports education entrepreneurs by providing them with capital and guidance to ensure that their ventures become strong organizations. This paper illustrates how this venture building happens, stage by stage, using NewSchools’ work with one of its portfolio organizations, New Leaders for New Schools, as an illustration of the approach.
NewSchools Venture Fund Announces Launch of Pacific Charter School Development
Public-Private Partnership Will Help Solve Charter School Facilities Challenge in California
Broad Foundation and NewSchools Venture Fund Invest in Los Angeles Charter Schools
$2.8 million investment in Green Dot will help create additional charter schools in Los Angeles
LOS ANGELES — March 15, 2004 — The Broad Foundation today announced an investment of up to $2.8 million in Green Dot Public Schools through NewSchools Venture Fund to develop new charter schools in Los Angeles over the next four years. The goal of this investment is to dramatically increase the number and quality of charter schools in Los Angeles.
NewSchools Venture Fund Grants $1.5 Million to Civic Builders, Inc.
NEW YORK – February 24, 2004 – Civic Builders, New York City’s first nonprofit developer of charter school facilities, today announced a $1.5 million grant from NewSchools Venture Fund, a venture philanthropy firm based in San Francisco, California. The grant is part of NewSchools’ Charter Accelerator Fund, a $40+ million initiative focused on fueling the supply of charter schools nationwide.
Social Capitalists: The Top 20 Groups That Are Changing The World
Includes profiles of NewSchools Venture Fund, as well as NewSchools portfolio ventures Aspire Public Schools and New Leaders for New Schools
NewSchools Venture Fund Adds Two New Partners
Jim Peyser and Sareena Ghulati Deepen Venture Team’s Expertise in Education, Public Policy and Business
SAN FRANCISCO — November 13, 2003 — NewSchools Venture Fund announced that two new Partners had joined the firm’s Venture Team. Jim Peyser — Massachusetts state education board chairman and a well-respected education policymaker — has joined as Partner to head up East Coast operations, while Sareena Ghulati — a former senior executive at SCORE! Educational Centers — has joined as Partner in the San Francisco office.
U.S. Department of Education Awards NewSchools Venture Fund Grant To Increase Quality and Scale of Charter Schools
San Francisco – October 13, 2003 – NewSchools Venture Fund announced that it has been awarded a $1.99 million grant from the U.S. Department of Education to increase the number of high-quality charter schools by creating and growing nonprofit systems of charter schools. NewSchools will use this grant to support the growth of these “charter management organizations,†as well as to help build the field of effective charter school systems.
Something Ventured: Philanthropy With A Venture Twist
NEW YORK — The Bill & Melinda Gates Foundation took an unusual step with a recent donation to an educational cause – it gave money to a “venture philanthropy” group.
The Gates foundation in June donated $22 million to the NewSchools Venture Fund, a San Francisco nonprofit organization that promotes charter schools and other education initiatives.
Founded in 1998 by wealthy venture capitalists, NewSchools tries to bring VC principles to the world of philanthropy by nurturing the groups it gives money to and demanding accountability for how the money is spent.
Gates Foundation Sends $22M To School
The NewSchools Venture Fund now has more than $65 million in its Charter Accelerator Fund after a $22 million investment from the Bill & Melinda Gates Foundation. The San Francisco-based venture philanthropy firm will use the funding to develop a minimum of five charter management groups that will create 20 new schools serving about 8,000 students over the next two years. The funding will launch a total of 100 new schools and serve 40,000 students over the next 10 years.
School fund charters new territory with $22M gift
A venture capital fund based in San Francisco has received $22 million from the Bill & Melinda Gates Foundation to invest in creating charter schools in the Bay Area, Southern California and other states.
NewSchools Venture Fund will use the Gates investment to start charter management organizations — nonprofit organizations that create and manage a system of charter schools.