On the recordFebruary 18, 2011
This amendment would help increase the ability of the administration to leverage the resources they already have to support expansion and replication of charter schools that have shown to be effective. Basically, this amendment will remove a regulation that prevents subgranting and doesn't allow charter school grants to be done through intermediaries, which are generally venture philanthropy organizations like New Schools Venture Fund and Charter School Growth Network. These organizations have proven that they can help guide charter schools and CMOs, organizations that manage one or two charter schools and help build them into successful, multisite organizations that support student success. These venture philanthropy organizations use the same model in the nonprofit sense--I want to emphasis they are nonprofits--as venture capital does in the private sector and support excellence in the charter schools that are part of their portfolio. They encourage rigorous evaluations. They provide strategic guidance to board membership. One of the issues we frequently have with charter schools is lack of quality governance. These intermediaries actually can help establish quality governance, which is such an important determinant of whether a charter school is successful or not. They can provide flexibility and provide specific interventions as needed. When something isn't working, they can help.





