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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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

Year 1

Year 4

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Academy for Urban School Leadership

School Turnaround Investment Strategy

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Before AUSL2010-2011

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Year 2

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Year 3

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Year 4Year

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ReNEW Charter Management Organization

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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

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

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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

dmcgriff@newschools.org

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