| Notes |
The Obama administration has launched the largest federal education-reform strategy in decades, with the goal of significantly improved outcomes for all students. Yet what has become evident is the dearth of innovative organizations and models that can address the most difficult challenges, including new designs for failing schools and human-capital systems that effectively select, develop, and retain talent. NewSchools Venture Fund (NSVF), a pioneer of venture philanthropy in education, aims to fill this gap by seeding, identifying, and supporting promising education entrepreneurs, thereby expanding high-quality educational opportunities for underserved students and catalyzing systemic change. This grant will support NSVF's Fund IV, or Innovation Fund, which builds on its previous funds and focuses on three core leverage points: People, Tools, and Schools. |