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30,000 rigorous, relevant seats October 2015
Welcome! Agenda
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• Great MN Schools Ben Whitney
• Facilities access Phil Hatlie & Rick Norton
• Community engagement Antonio Cardona
• Relevance/Search Institute Kent Pekel
A growing movement
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Our Funder Group
• Albright Family Foundation
• Bush Foundation
• Cargill Foundation
• Carlson Family Foundation
• The Carolyn Foundation
• David Winton Bell Foundation
• The Frey Foundation of Minnesota
• GHR Foundation
• General Mills Foundation
• I.A. O’Shaughnessy Foundation
• The Jay and Rose Phillips Family Foundation of Minnesota
• John & Denise Graves Foundation
• The Joyce Foundation
• Longview Foundation
• The McKnight Foundation
• The Minneapolis Foundation
• Persephone Foundation
• Piper Family Fund
• RKMC Foundation for Children
• Robbie Soskin
• Sauer Children’s Renew Foundation
• Smikis Foundation
• Soran Family Foundation
• Social Venture Partners
• WEM Foundation
• The Walton Family Foundation
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Board of Directors
Chris Smith Co-chair
Rob Albright Treasurer
Kate Wolford Past co-chair
Phil Soran Becky Erdahl
Hamse Warfa
David Nelson
Tad Piper Co-chair
Kayla Yang-Best
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Sandy Vargas
Bill Graves
New!
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30,000 rigorous, relevant FRL seats by 2025
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Great MN Schools
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San Antonio $80M/75,000 seats
San Francisco $25M/12,000 seats
Oakland $10M/6,000 seats Chicago-2 funds
$130M/70,000 seats
NOLA $30M/15,000 seats
D.C. – 3 funds $55M/20,000 seats
Boston $10M/5,000 seats
Newark
Phoenix
Denver
Indianapolis $10M/10,000 seats
Memphis $15M/10,000
Florida $30M/15,000 seats
New York
National models Scaling success through a school development fund & ecosystem support
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Philadelphia $100M/35,000
Cincinnati
New Mexico
? ? Minneapolis
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• Dedicated $35M fund of professionally managed growth capital driving & supporting development of rigorous & relevant seats
• High-performing seat goals: • Drive development of 10,000 charter seats
• Support development of 1,000 independent seats
• Support development of 14,000 MPS seats
• Structure • Independent 501(c)(3)
• Board expertise in start ups, investment, community, schools – appointed by MN Comeback board & includes MN Comeback ED
• Managing general partner plus associate partners
• Alignment & partnership with MN Comeback & levers
About Great MN Schools
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Why GMS?
• Funding essential to growth & reform • Power of capital pool
• Market leverage • Strategic, diversified portfolio • Rational school distribution (IFF)
• Experienced leader & staff • Market knowledge • Processes for selection, monitoring, fast intervention • Value add to schools • Board focus & expertise
• Quantitative & qualitative measures of quality • National investment & CMOs • Integration of $ with MN Comeback & ecosystem
• $30M school investments • New seats
• Investment culture
• Accountable for charter goal – expansions, replications, startups
• Sector neutral • Objective success criteria: leader,
academic model, board, financial condition, teachers, good parent demand & community engagement
• Plus autonomy & substantial public funding – initial charter focus
• By invitation
• $5M grants • Quality seats from high community-
impact opportunities
• Support MPS & independent goals
• Single grants; invitation & RFPs
• Regional, multisector network of schools pursuing quality
• Share best practices
• Support ecosystem; scale programs
GMS programs
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Growth investment program
Developmental grant program
Community of Excellence
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Key investment strategies
• Know every corner of the market & relevant community
• Build diversified portfolio
• Consistent, effective measure of rigor & relevance
• Make multi-year benchmarked commitments
• Pay attention to risk/reward & finance success
• Press hard for sustainability on public $s
• Play active, value-added role driving quality growth
• Leverage MN Comeback ecosystem (talent, policy, facilities & community engagement)
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Making rigorous decisions with broad input
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• Cabinet • GMS team • IFF study
• Geographic • Demographic • Parent demand • Success factors
• Leadership • Model • Board • Capacity
• Geographic • Demographic • Parent demand • Success factors
• Cabinet • GMS team
Criteria Resources
GSF Funds Developmental Needs Assessment
GMS coordinates Technical resources
Initial screening
Invitation to submit business plan
Decision
Implementation
Submit final business plan
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Great MN Schools status
• Incubation in MN Comeback • GMS Advisory Group: Phil Soran, Beth Finch, Bill Graves, Win
Neuberger, Ben Whitney (consultant), Tad Piper
• Staff: Shane Weinand & Morgan Brown
• Progress • Financial & program models
• Legal & structural ties to MN Comeback
• Board development
• Legal documents prepared
• Incubation & operating budget
• Fundraising progress
• Pilot round - confidential • Multiple school investments
• Potential grant
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• Find key entrepreneur, leader & manager
• Search firm: Chicago/DC-based Bellwether Education Partners • Most relevant searches – highly experienced
• Understand model of MN Comeback & GMS
• Search committee • Advisory Group
• Community leaders – Gloria Perez, Russ Mosley
• Schedule • Live 10/15
• Goal of hiring January 2016
Managing general partner search
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• Key experience • School operations & growth • Executive management & team building • Planning & execution • Stakeholders & community engagement
• Key skills • Assessment of all elements of schools • Investor outlook • Fundraising
• Key characteristics • Passion & commitment to mission • Leadership • Relationships, communication, collaboration • Tough decisions
Draft profile for managing general partner
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Feedback & discussion Great MN Schools
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Facilities access
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Facilities access IFF & Nonprofits Assistance Fund
• Facilities & Real Estate Office • Up & running next month!
• New hire
• Intersection with IFF study
• Market research • Engaging the community, identifying needs & interests
• Facilities fund
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Welcome, Robin Toewe! Director of real estate services – Minnesota
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Robin Toewe Bringing facilities expertise to our community
• 10+ years with IFF, will lead real estate planning & development projects, public policy initiatives & business development efforts in our region
• Expertise helping nonprofits through financial feasibility analysis, facilities planning, site search, due diligence
• Masters in urban planning & policy from University of Illinois at Chicago
• Accredited as a LEED Green Associate
Community engagement
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Community Engagement
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• Leverage initial research • IFF • Design Thinking • GreatSchools literature
review
• Grow our team • Achieve more diversity • Across school sectors
• Identify goals & strategies
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Community Engagement goals & strategies
• Initial goals: • Close the information gap for parents
• Help parents understand, evaluate & determine school options
• Strategic planning & conversations should go beyond the Implementation Team
• Potential sample strategies: • Create a one-stop shop for parents
• Channel resources to IFF highest-need areas
• Co-design with parents
Relevance
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Kent Pekel President & CEO, Search Institute
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REACH Survey – advancing relevance
Thank you
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