Brief

The Annie E. Casey Foundation had a modest education portfolio used to leverage school choice and community options to ensure kids graduated from school ready to succeed as adults. This report details how Casey’s initial charter school venture in Indianapolis, Indiana, led to a range of philanthropic and community investments in sustaining the charter school initiative. 

December 11, 2008

Closing the Achievement Gap Series

In This Report, You’ll Learn

  1. 1

    What can be accomplished in education through innovative state, community and philanthropic involvement.

  2. 2

    How the Indianapolis mayor’s charter school initiative grew through Casey’s involvement.

  3. 3

    How Casey’s investment was used to impact, influence and leverage other funding partners.

  4. 4

    What types of resources it takes to sustain an innovative education initiative.

Key Takeaway

A Casey program-related investment (PRI) of a $1 million in loan guarantees secured $20 million.

The Casey Foundation’s $450,000 investment in Indianapolis’ charter school project attracted $18.4 million from other partners. A Casey program-related investment (PRI) of a $1 million in loan guarantees secured $20 million from other sources for the loan fund. 

Findings & Stats

Statements & Quotations