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Together, the three projects will cost $6 million over the next four years. With the passage of HB 18-1323, the State set aside half of the projects’ upfront costs. The remaining half of the projects will be funded with $3 million in investor capital from Northern Trust, Community First Foundation, Gary Community Investments, and the Denver Foundation. These investors will be repaid if the projects succeed. Success includes demonstrating that more youth are on track to graduate from high school on time and fewer are involved in the justice system or removed from their homes. Funding to cover these success payments was also set aside in HB 18-1323.
An additional $800,000, including grants from the Laura and John Arnold Foundation and the Annie E. Casey Foundation, funds three rigorous evaluations led by the Colorado Evaluation and Action Lab, an independent evaluator at the University of Denver’s Barton Institute for Philanthropy and Social Enterprise. |