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{{Short description|American nonprofit philanthropic venture capital fund}}
{{Infobox company| {{Infobox company|
| name = Charter Fund Inc. dba Charter School Growth Fund | name = Charter School Growth Fund
| logo = | logo =
| type = ] | type = ]
| traded_as = | traded_as =
| industry = ] | industry = Philanthropic ]
| foundation = | foundation = 2006
| location = ], ] | location = ], ]
| area_served = North America | area_served = North America
| key_people = <br> Darryl Cobb<br> Kevin Hall
| key_people = Board of Directors:<br> ], <br>], <br>], <br> ], <br>], <br>], <br>], <br>], <br>]
| revenue = | revenue =
| num_employees = | num_employees =
| homepage = {{URL|http://chartergrowthfund.org/}} | homepage = {{URL|http://chartergrowthfund.org/}}
}} }}
{{Education in the U.S.}}
The Charter School Growth Fund is a philanthropic fund dedicated to identifying the nation’s best public charter schools, funding their expansion, and helping to increase their impact. CSGF has supported a portfolio of charter school networks that include more than 50 organizations, which operate 500+ schools and serve more than 250,000 students. The firm operates with the same strategies, discipline, and focus of a venture capital firm by awarding multi-year grants and low-interest loans to talented education entrepreneurs building networks of high-quality charter schools that enroll traditionally under-served students.
The '''Charter School Growth Fund (CSGF)'''<ref>{{cite web|last1=Bill & Melinda Gates Foundation|title=HOW WE WORK - GRANT|url=http://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2011/11/OPP1031378|website=gatesfoundation.org|publisher=Bill & Melinda Gates Foundation|accessdate=June 27, 2015|date=November 2011}}</ref> is a ]-based<ref>{{cite web|last1=Auge|first1=Karen|title=Walton Family Foundation awards Denver $8M for school reform|url=http://www.denverpost.com/ci_20249547/walton-family-foundation-awards-denver-8m-school-reform|website=Denverpost.com|publisher=The Denver Post|accessdate=June 27, 2015|date=March 25, 2012}}</ref> ] ] ]<ref>{{cite web|title=DreamBox Learning Acquired by Charter Fund in Partnership with Education Philanthropist and Netflix CEO Reed Hastings |url=http://www.dreambox.com/press-release-20100420|accessdate=August 12, 2016}}</ref><ref>{{cite web|last1=Andrus|first1=Alex|title=Venture Capitalism Meets Charter Schools|url=http://www.philanthropyroundtable.org/topic/excellence_in_philanthropy/venture_capitalism_meets_charter_schools|website=Philanthropy Roundtable|accessdate=August 12, 2016}}</ref> fund that identifies the country's best public ]s, funds their expansion, and helps to increase their impact. CSGF is driven by a conviction that all children deserve great public schools in their communities.{{cn|date=December 2021}}

==Funding==
In 2011, CSGF received a $1.25 million grant from the ].<ref>{{cite web|last1=Bill & Melinda Gates Foundation|title=HOW WE WORK - GRANT|url=http://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2011/11/OPP1031378|website=gatesfoundation.org|publisher=Bill & Melinda Gates Foundation|accessdate=June 27, 2015|date=November 2011}}</ref> Between 2001 and 2010, CSGF has received annual grants from the ] which totalled $16.5 million. The foundation increased their support to $3 million in 2012.<ref>{{cite news|last1=Davis |first1=Matt |title=Charter School Growth Fund: You're Bradley's Highest Funded Grantee |url=http://www.insidephilanthropy.com/charter-schools/2013/10/14/look-in-the-mirror-charter-school-growth-fund-youre-bradleys.html |work=] |accessdate=16 February 2016 |date=October 14, 2013 }}</ref> CSGF also received $101.6 million from the ].<ref>{{cite news|last1=Rich|first1=Motoko|title=A Walmart Fortune, Spreading Charter Schools|url=https://www.nytimes.com/2014/04/26/us/a-walmart-fortune-spreading-charter-schools.html|accessdate=June 27, 2015|work=The New York Times|date=April 25, 2014}}</ref>

==Investments==
] Learning was acquired by CSGF in 2010. Dreambox was heavily funded through ] contributed by ], ], Deborah Quazzo (founder and managing partner at ]), and ].<ref>{{cite news|title=Netflix' Reed Hastings Leads $14.5M Series A1 for DreamBox|url=http://www.edsurge.com/n/2013-12-17-netflix-reed-hastings-leads-14-5m-series-a1-for-dreambox|publisher=edSurge|author=Wan, Tony|date=Dec 17, 2013|accessdate=Mar 26, 2014}}</ref><ref>{{cite news|title=Netflix CEO Reed Hastings, VC John Doerr invest $14.5M in DreamBox Learning|url=http://www.geekwire.com/2013/netflix-ceo-reed-hastings-vc-john-doerr-invest-145m-dreambox-learning/|publisher=Geekwire|author=Cook, John|date=Dec 17, 2013|accessdate=Mar 26, 2014}}</ref><ref>{{Cite web | url=http://www.vcnewsdaily.com/access/getarticle.php?aid=yzqcfjzlvv | title=Venture Capital News: DreamBox Learning Inks $14.5M in Series A1}}</ref>


==Governance== ==Governance==
* Kevin Hall, President & CEO * Kevin Hall, CEO
* ], manages Pisces, Inc., the ] family’s investment portfolio (Fisher is a son of the Gap founders)<ref>{{cite news|last1=Williams|first1=Tate|title=Fisher Philanthropy: The Three Gap Heirs Are Giving Away a Fortune|url=http://www.insidephilanthropy.com/home/2014/9/17/fisher-philanthropy-the-three-gap-heirs-are-giving-away-a-fo.html|accessdate=June 27, 2015|work=]|date=September 17, 2014}}</ref> majority owner of the ], and chairman of the ], the nation’s largest charter school management company.<ref>{{cite web|last1=Ovide|first1=Shira|title=What Would Your Family Do With $7 Billion?|url=https://blogs.wsj.com/deals/2011/11/23/what-would-your-family-do-with-7-billion/|website=The Wall Street Journal|publisher=Dow Jones & Company, Inc|accessdate=June 27, 2015|date=November 23, 2011}}</ref>
* ], co chair
* ], president of the ] founder of the nonprofit Educational Enterprises Inc. (EEI), a Wisconsin-based organization<ref>{{cite news|title=James C. Rahn, The Kern Family Foundation|url=http://www.insidephilanthropy.com/insider-guide-to-program-offic/james-c-rahn-the-kern-family-foundation.html|work=]|accessdate=June 27, 2015|date=2014}}</ref>
* John J. Fisher

* ], president of the United States Program at the ]
==See also==
* ]
* ]
* ], president of the ] founder of the nonprofit Educational Enterprises Inc. (EEI), a Wisconsin-based organization<ref>{{cite web|last1=Inside Philanthropy|title=James C. Rahn, The Kern Family Foundation|url=http://www.insidephilanthropy.com/insider-guide-to-program-offic/james-c-rahn-the-kern-family-foundation.html|website=Inside Philanthropy|publisher=Inside Philanthropy|accessdate=June 27, 2015|date=2014}}</ref>
* ]
* ], daughter of ] and ] the founder of ],<ref>{{cite web|last1=Ovide|first1=Shira|title=What Would Your Family Do With $7 Billion?|url=http://blogs.wsj.com/deals/2011/11/23/what-would-your-family-do-with-7-billion/|website=The Wall Street Jourmal|publisher=Dow Jones & Company, Inc|accessdate=June 27, 2015|date=November 23, 2011}}</ref> the largest privately held company of crude oil and natural gas in the United States.
* ]
* ]
* ]
* ]


==References== ==References==
{{reflist}} {{reflist}}
*http://www.insidephilanthropy.com/charter-school-grants/bradley-foundation-grants-for-charter-schools.html
*http://www.broadeducation.org/investments/current_investments/investments_all.html


==External links== ==External links==
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{{Venture capital firms}} {{Venture capital firms}}


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] ]
] ]
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Latest revision as of 07:50, 26 June 2023

American nonprofit philanthropic venture capital fund
Charter School Growth Fund
Company typePrivate
IndustryPhilanthropic venture capital
Founded2006
HeadquartersBroomfield, Colorado, U.S.
Area servedNorth America
Key people
Darryl Cobb
Kevin Hall
Websitechartergrowthfund.org
This article is part of a series on
Education in the
United States
Summary
Curriculum topics
Education policy issues
Levels of education
icon Education portal
flag United States portal

The Charter School Growth Fund (CSGF) is a Broomfield, Colorado-based nonprofit philanthropic venture capital fund that identifies the country's best public charter schools, funds their expansion, and helps to increase their impact. CSGF is driven by a conviction that all children deserve great public schools in their communities.

Funding

In 2011, CSGF received a $1.25 million grant from the Bill and Melinda Gates Foundation. Between 2001 and 2010, CSGF has received annual grants from the Bradley Foundation which totalled $16.5 million. The foundation increased their support to $3 million in 2012. CSGF also received $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, CEO
  • John J. Fisher, manages Pisces, Inc., the Fisher family’s investment portfolio (Fisher is a son of the Gap founders) majority owner of the Oakland As, and chairman of the KIPP Foundation, the nation’s largest charter school management company.
  • James Rahn, president of the Kern Family Foundation founder of the nonprofit Educational Enterprises Inc. (EEI), a Wisconsin-based organization

See also

References

  1. Bill & Melinda Gates Foundation (November 2011). "HOW WE WORK - GRANT". gatesfoundation.org. Bill & Melinda Gates Foundation. Retrieved June 27, 2015.
  2. Auge, Karen (March 25, 2012). "Walton Family Foundation awards Denver $8M for school reform". Denverpost.com. The Denver Post. Retrieved June 27, 2015.
  3. "DreamBox Learning Acquired by Charter Fund in Partnership with Education Philanthropist and Netflix CEO Reed Hastings". Retrieved August 12, 2016.
  4. Andrus, Alex. "Venture Capitalism Meets Charter Schools". Philanthropy Roundtable. Retrieved August 12, 2016.
  5. Bill & Melinda Gates Foundation (November 2011). "HOW WE WORK - GRANT". gatesfoundation.org. Bill & Melinda Gates Foundation. Retrieved June 27, 2015.
  6. Davis, Matt (October 14, 2013). "Charter School Growth Fund: You're Bradley's Highest Funded Grantee". Inside Philanthropy. Retrieved 16 February 2016.
  7. Rich, Motoko (April 25, 2014). "A Walmart Fortune, Spreading Charter Schools". The New York Times. Retrieved June 27, 2015.
  8. Wan, Tony (Dec 17, 2013). "Netflix' Reed Hastings Leads $14.5M Series A1 for DreamBox". edSurge. Retrieved Mar 26, 2014.
  9. Cook, John (Dec 17, 2013). "Netflix CEO Reed Hastings, VC John Doerr invest $14.5M in DreamBox Learning". Geekwire. Retrieved Mar 26, 2014.
  10. "Venture Capital News: DreamBox Learning Inks $14.5M in Series A1".
  11. Williams, Tate (September 17, 2014). "Fisher Philanthropy: The Three Gap Heirs Are Giving Away a Fortune". Inside Philanthropy. Retrieved June 27, 2015.
  12. Ovide, Shira (November 23, 2011). "What Would Your Family Do With $7 Billion?". The Wall Street Journal. Dow Jones & Company, Inc. Retrieved June 27, 2015.
  13. "James C. Rahn, The Kern Family Foundation". Inside Philanthropy. 2014. Retrieved June 27, 2015.

External links

Private equity and venture capital investment firms
Investment strategy
History
Investors
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