Closing the Acheivement Gap

Summary

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. 

Table of Contents

• Early Funding Seeds Results
• An Innovative Initiative Takes Flight with Casey Support
• A Rigorous Accountability System Helps Schools Succeed
• Local Partnerships Contribute to Success
• Local and National Influence
• Casey Support Jump-Starts Facilities Financing and New Talent Recruitment
• Next Steps for Casey and Co-Investment

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.