One foundation’s commitment to school choice pays off
No single philanthropic organization has put more effort and money into the advancement and improvement of school choice—both public and private—than the Walton Family Foundation, which just announced total education-reform outlays in 2012 totaling $158 million. That represents about 37 percent of Walton’s total philanthropic investment during the year. (In second place are freshwater conservation and other environmental concerns.).
While Walton is frequently lauded (and attacked) for its contributions to efforts that shape education policy (contributions that totaled $61 million last year, a bit of that to the Thomas B. Fordham Institute), far more went to foster quality schooling.
For instance, nearly $15 million went to the Charter School Growth Fund, a nonprofit venture-capital group that works to expand the number of seats in high-performing charter networks (a mission the fund has executed with notable success, as attested in the new CREDO report on charter school growth and quality). About $8.4 million went to the acclaimed KIPP Foundation and $3.2 million to the highly regarded school-leadership group called Building Excellent Schools. A whopping $24 million went to groups like the National Association of Charter School Authorizers and various state-level charter associations to improve existing schools. So while it’s true that the foundation has, through its largesse, advanced our public policies in ways that enhance parental choice, it has also focused its ambitions and its very substantial checkbook on quality choice, particularly for underserved children.
Much of this, other large philanthropies would shun as too risky politically. Hurrah for this Foundation’s guts as well as its heart, brains, and generosity.