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ERIC Number: ED500492
Record Type: Non-Journal
Publication Date: 2008
Pages: 8
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Strategic Funding Attracts Co-Investment. Closing the Achievement Gap Series
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Annie E. Casey Foundation
The "Closing the Achievement Gap" series explores the Casey Foundation's education investments and presents stories, results, and lessons learned. An objective of every education investment at the Annie E. Casey Foundation is to attract co-investment in promising and evidence-based programs and policies. One way the Foundation does this is to invest in innovative, but as yet unproven activities that have the potential to help young people graduate ready to succeed as adults. Casey reserves roughly 15 percent of its annual education portfolio for these high-risk investments. This publication presents an in-depth look at Casey's strategic early investment in one such activity: Indianapolis Mayor Bart Peterson's Charter Initiative. It also includes stories about the Foundation's education grants to two other organizations and the co-investments these grants attracted. Lessons for donors seeking to attract co-investment include: (1) Taking calculated risks, and providing early funding to innovative programs with potential for impact: (2) Reserving some portion of the annual budget for high-risk investments that have potential for a high payoff while recognizing that some of these high-risk investments will fail.; (3) Recognizing that investments do not have to be huge to attract other resources; (4) Making decisions based on the proposal quality, word on the street about the people involved, and instinct; (5) Clearly articulating goals and evidence; and (6) Staying in touch with the field by keeping alert to new ideas via boards, conferences, and offers to facilitate and moderate for other groups. [For the entire "Closing the Achievement Gap" series, see ED500487 through ED500493.]
Annie E. Casey Foundation. 701 Saint Paul Street, Baltimore, MD 21202. Tel: 410-547-6600; Fax: 410-547-6624; Web site: http://www.aecf.org/publications/index.php
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Annie E. Casey Foundation, Baltimore, MD.
Identifiers - Location: Indiana