More Cash For Ren-10 Schools

Image002Check out the attached email from the Renaissance School Fund
announcing nearly $4 million in additional funds to support the operation of 23 Renaissance 2010 schools. 

The fund is giving $3.9 million to support operations at 23 new schools -- up to $500,000 over three years for each school -- and has "raised $41 million since 2005 to help open 38 new public
schools, among the 56 schools created though Chicago’s Renaissance 2010
initiative." 

For Immediate Release

Contact: Katheryn Hayes
The Renaissance Schools Fund

o: (312) 853-1211, c:
(618) 203-6959

khayes@rsfchicago.org

 

$3.9
million in ramp up funding to go to new Renaissance 2010 schools made possible
through grants from the Renaissance Schools Fund

 

Chicago, IL (09/26/07) – With the 2007-2008 school year
officially underway, the Renaissance Schools Fund (RSF) announces it will award
$3.9 million to support operations at 23 new schools in some of Chicago’s
most underserved communities.

 

Through the generous donations of local corporate leaders and
foundations, RSF has raised $41 million since 2005 to help open 38 new public
schools, among the 56 schools created though Chicago’s Renaissance 2010
initiative.  Demand for more new schools is high, as the schools currently
have an average oversubscription rate of 140 percent.

 

“We are investing in successful models of education and are
helping to bring them to scale so that children in communities of greatest need
have the opportunity to attend high-performing public schools,” said Phyllis Lockett, CEO of the Renaissance Schools Fund.

 

“It is remarkable how leaders in the business community have come
together in such a short period of time to invest in this effort,” said RSF
Board Chairman, Donald Lubin.  “By taking this initiative to scale,
we are stimulating innovation and inspiring change across the public school
system.”

 

To maximize its investments, RSF focuses funding in select areas, namely:
innovative programming, performance assessments, community outreach and school
operations, including support for planning teams, specialized staff, and
professional development.

 

Many of the new schools RSF has helped to open offer an extended
instructional day and year with greater emphasis placed on professional
development than traditional Chicago
public schools.  In fact, RSF elementary schools offer on average 317 minutes
of instruction per day compared to traditional CPS schools at 239 minutes/day
and RSF high schools offer 342 min/day compared to 280 minutes/day at traditional
CPS schools.  For example, Providence
Englewood Charter
School, based on the
highly successful private school, Providence St. Mel, offers students 360
instructional minutes each day and devotes 18 hours each month to professional
development.

 

Located in the former Ralph
Bunche Elementary
  School building which closed in 2005 for failing
test scores, Providence Englewood is already demonstrating achievement.  This
past year, Providence Englewood outperformed comparable community schools by 22
percent in ISAT reading and 14 percent in ISAT math.  Test scores for the
ISAT show 63 percent are meeting or exceeding requirements in reading and 69
percent are meeting or exceeding requirements in math. 

 

“Since opening the doors of Providence St. Mel in 1978, one
hundred percent of our students have been accepted into 4-year colleges,”
said Paul Adams, president and
founder of Providence St. Mel School.  “This is a great
accomplishment for any school, and it’s the type of academic standard
that the Englewood
campus holds for its students.”

 

In this grant cycle, of the 23 schools receiving RSF funds, 10 schools
have received funding for their second year of operation and 13 schools received
funds for their first year of operation, as follows: 

 

2006 Schools – Funding for
Second Year of Operation (Ramp-up 2)

  • Bronzeville Lighthouse
          Charter School
  • Catalyst Charter
          School
    – Howland Campus
  • Providence Englewood
          Charter School
    – Bunche Campus
  • UNO Charter
         School – Bartolome de las Casas Campus
  • UNO Charter
         School – Carlos Fuentes Campus
  • Austin Business and Entrepreneurship Academy
  • Chicago International
          Charter School
    – Ralph Ellison Campus
  • Noble Street
         Charter School
         – Pritzker
          College Prep
  • Noble Street
         Charter School
         – Rauner
          College Prep
  • Urban Prep Academy
         for Young Men
         Charter School
         – Englewood
         Campus

 

2007 Schools – Funding for
First Year of Operation (Ramp-Up 1)

  • Catalyst Charter
         School – Austin
  • Chicago
         International Charter Schools – Irving Park Campus
  • Frazier Prep Academy
  • Perspectives Charter
         School – Calumet Middle School
         Campus
  • Polaris Charter
          Academy
  • UNO – Officer Donald J.
          Marquez Charter
          School
  • Aspira Early College High School
  • Collins Academy
          High School
     
  • Marine Military Math
         and Science Academy
  • Noble Street
         Charter School
         – Golder
          College Prep
  • North Lawndale
         College Preparatory Charter High School
  • Perspectives Charter
          School Calumet
          High School
    of Technology
  • Team Englewood
          Community Academy

 

Each school can receive a maximum of $500,000 from the Renaissance
Schools Fund across three phases (incubation, ramp-up year 1, ramp-up year 2)
and a maximum of $200,000 in any one phase.

 

The Renaissance Schools
Fund (RSF)
is the private partner to the City of Chicago
and the Chicago Public Schools on Renaissance 2010 for
fundraising, strategy and accountability.  Since 2005, RSF has raised $41
million and helped in the creation of 38 new public schools in Chicago’s
underserved communities.

Filed under: Foundation Follies

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