SCHOOL TURNAROUNDINVESTMENT STRATEGY    October 13, 2011
ERS SCHOOL TURNAROUND SUMMITOur Mission    To transform public    education through powerful    ideas and passionate    en...
ERS SCHOOL TURNAROUND SUMMITNewSchools’ Work in School Turnaround    • History of supporting high-      performing charter...
ERS TURNAROUND SUMMITOur Investments            Wave One                    Wave Two      Wave Three            (2003-2010...
ERS TURNAROUND SUMMITMastery Charter Schools                                                                       Year   ...
ERS TURNAROUND SUMMITAcademy for Urban School Leadership                                                                  ...
ERS TURNAROUND SUMMITReNEW Charter Management Organization                                             Year               ...
ERS TURNAROUND SUMMITWhat We’ve Learned     Successful turnaround operators     emulate practices of high-     performing ...
ERS TURNAROUND SUMMITHurdles to Success                                        • Inefficiencies at district               ...
ERS TURNAROUND SUMMITWave Three Pipeline                       Traditional     New Paradigm for Education (Detroit)     Ge...
ERS TURNAROUND SUMMITPipeline GeographySchool Turnaround Investment Strategy   11
ERS TURNAROUND SUMMITThe Achievement Gap Persists Through College   We cannot be two   nations – one with   access to high...
ERS TURNAROUND SUMMITVisit Us Online               www.newschools.org                   www.facebook.com/newschools       ...
ERS TURNAROUND SUMMITContact Information                                     Deborah McGriff                              ...
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Deborah McGriff – Partner, NewSchools Venture Fund Presentation

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Deborah McGriff – Partner, NewSchools Venture Fund Presentation

  1. 1. SCHOOL TURNAROUNDINVESTMENT STRATEGY October 13, 2011
  2. 2. ERS SCHOOL TURNAROUND SUMMITOur 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.School Turnaround Investment Strategy 2
  3. 3. ERS SCHOOL TURNAROUND SUMMITNewSchools’ Work in School Turnaround • 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. 3School Turnaround Investment Strategy
  4. 4. ERS TURNAROUND SUMMITOur Investments Wave One Wave Two Wave Three (2003-2010) (2009-2011) (2011-)School Turnaround Investment Strategy 4
  5. 5. ERS TURNAROUND SUMMITMastery Charter Schools Year Year 6 Year 5 Percent Students Proficient Year 4 1 Year Year 1 Before 1 Mastery 2010-2011School Turnaround Investment Strategy 5
  6. 6. ERS TURNAROUND SUMMITAcademy for Urban School Leadership Before AUSL Year 2010-2011 Year 3 Year 3 4 Year Year Year Year Percent Students Proficient Year 5 2 2 1 1 Year Year 2 1School Turnaround Investment Strategy 6
  7. 7. ERS TURNAROUND SUMMITReNEW Charter Management Organization Year 1 Year 1 Percent Students Proficient Before ReNEW 2010-2011School Turnaround Investment Strategy 7
  8. 8. ERS TURNAROUND SUMMITWhat We’ve Learned Successful turnaround operators emulate practices of high- performing charter management …but the unique challenges of organizations… turnaround schools require more: Central organization Intense focus on culture Regional concentration Greater community engagement Org design for scale Additional / incremental staff Mission-driven staff Supplemental resources Commitment to high expectations Varied school design modelsSchool Turnaround Investment Strategy 8
  9. 9. ERS TURNAROUND SUMMITHurdles to Success • Inefficiencies at district partner • Inadequate school leader pipeline • Federal funds don’t flow directly to operators • Unsettled policy environment • Limited pre-turnaround startup fundingSchool Turnaround Investment Strategy 9
  10. 10. ERS TURNAROUND SUMMITWave Three Pipeline Traditional New Paradigm for Education (Detroit) Generation Schools (Brooklyn, Denver) STEM Carmen High School of Science and Technology (Milwaukee) TBED21 (Philadelphia) Hybrid Project GRAD USA (Houston) Schools for the Future (New York) Firstline Schools (New Orleans) Matchbook Learning (Detroit) Future is Now Schools (LA, New York)School Turnaround Investment Strategy 10
  11. 11. ERS TURNAROUND SUMMITPipeline GeographySchool Turnaround Investment Strategy 11
  12. 12. ERS TURNAROUND SUMMITThe Achievement Gap Persists Through College 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)School Turnaround Investment Strategy 12
  13. 13. ERS TURNAROUND SUMMITVisit Us Online www.newschools.org www.facebook.com/newschools www.twitter.com/nsvf http://newschools.org/blogSchool Turnaround Investment Strategy 13
  14. 14. ERS TURNAROUND SUMMITContact Information Deborah McGriff (617)589-9454 dmcgriff@newschools.or gSchool Turnaround Investment Strategy 14
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