1 Fundraising and Politics Allison Fansler President and COO, KIPP DC June 2010.

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Presentation transcript:

1 Fundraising and Politics Allison Fansler President and COO, KIPP DC June 2010

2 KIPP DC is part of the national network of KIPP schools. KIPP DC operates 8 charter schools in Washington, DC, and is consistently the highest performing network of schools in Washington, D.C. KIPP DC Students 99% are African American 83% qualify for free and reduced lunch 85% will be first generation college graduates Are the highest scoring 8 th graders in the city Attend 65 high schools and 28 colleges 100% of the first class graduated high school 76% of the first class are enrolled in an institution of higher education. 5% of the class are engaged in the military or civil service. Have earned nearly $4,000,000 in scholarships and financial aid Will double the DCPS college graduation rates east of the river KIPP DC Alumni 2 About KIPP DC

3 KIPP DC students are nationally competitive After 4 years with KIPP DC, 8 th grade students perform in nearly the top 1/3 of students nationally on reading and in the top 15% on math, despite starting in the bottom third in both subjects.

4 KIPP DC is the leader in Washington DC

5 KIPP DC Schools and Campuses 5

6 Facilities Process Overview 6

7  A successful facilities project requires planning, technical expertise, extensive vendor management, financing, scenario analysis, and political and financial support.  Cultivating that support is:  An art and a science, and  Very local Why Are Fundraising and Politics Important? 7

8  Genuine community engagement is hugely effective  Political support needs to be cultivated simultaneously at every level  Public resources extend far beyond education dollars  Funders are excited to get behind success and a vision  School performance is paramount Lessons Learned 8

Real Estate Portfolio 9 Blue CastleHome of KEY Academy, 320 in grades 5-8 ~30,000 ft 2 In year 6 of a 10 year lease 421 AlabamaHome of AIM Academy, 240 in grades 5-7 Needed 10K additional square feet in 2008 for 8 th grade ~20,000 ft 2 In year 2 of a long term lease 421 P St. NWHome of WILL Academy, 90 in grade 5 ~10,000 ft 2 In year 1 of a 15 year partnership agreement with DCPS 4801 Benning Rd Had recently purchased a condemned grocery store on an otherwise vacant lot with plans to build a campus.

Real Estate Portfolio 10 BenningHome of KEY, LEAP, and Promise Academies, Capacity for 900 in grades preK3-8 with ~100,000 ft 2 Financed $33M in new construction with tax-exempt, variable rate revenue bonds, along with shorter term subordinate debt Partnering with a dental health organization to operate an onsite dental facility DouglassHome of Discover, AIM, College Prep Academies, as well as a 2 nd elementary school to open in 2011 Capacity for 1500 in grades preK3-12 with ~140,000 ft 2 Secured by a long term lease with DC Financed $24M in renovations with New Market Tax Credits 421 P St. NWHome of WILL and Grow Academies, as well as a 3 rd elementary school to open in 2012 Capacity for 900 in grades preK3-8 with ~100,000 ft 2 Negotiating a lease with DCPS Secured $8M in improvements to the facility with a combination of public/private support, seeking approximately $5M in additional improvements 421 AlabamaSubleasing to another charter school

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15  Hired a community outreach director  Built solid relationships with local organizations and genuinely solicited their input  Presented plans at local ANC meetings and toured City Council members  Engaged parents in spreading the word about KIPP DC  School performance is paramount Cultivating Political Support 15

17  Lenders are supporters  Public resources  Economic development, health and wellness, QZAB, parks and recreation  Private philanthropy  Framing the ask  Again, school performance is paramount Cultivating Financial Support 17

18  School performance is critical.  School and board leadership must prioritize advocacy and fundraising.  Work every angle of public resources – there are untapped sources and it leverages private support  Genuine community outreach makes all the difference Key Take-Aways 18

19 Q & A 19

20 Allison Fansler President and COO P: National Charter School Resource Center th Street NW, Suite 500 Washington, DC Phone: Fax: