Seed Money
Seed money investments do not have to be huge to attract other resources.
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.
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.