Our Impact
The Problem:
Schools spend more on their buildings and less on building bright futures.
Excellent public charter schools must dedicate considerable resources to financing their facilities. Most financing options are costly and/or short-term – leaving schools vulnerable to future financing risk.
The Solution:
A proven model with a bold new twist.
Modeled after revolving loan fund structures, EFF combines philanthropy with money raised on the bond market to offer schools low-cost, fixed-rate, long-term facility financing.
The Opportunity:
Long-term, scalable impact.
To date, EFF has committed nearly $1 billion to high-impact schools. We’ve got big plans for the future: by 2027, we intend to invest over $2 billion in schools serving more than 200,000 students.
5x Impact
For every $1 of philanthropy or impact investment we receive, we lend $5 to high-impact public charter schools.
$240M+ into the Classroom
Compared to typical bond financing, EFF has saved our portfolio of partner schools over $240 million dollars.
75,000+ & Counting
The schools we support serve over 75,000 students. Over 70% qualify as economically disadvantaged.
100%
100% of our partner schools outperform their districts in Math or ELA. 92% are more proficient in both subjects.
In a city where just 40 percent of public school students are college-bound, 100% of graduating seniors at Soulsville Charter School to date have been accepted to 2 and 4 year colleges.
Alliance College-Ready Public Schools has a 95% high school graduation rate. Over 15 years, that’s tens of thousands of young men and women with high school diplomas, college acceptance letters, and control of their future.
On the 2018-19 SAT, Blackstone Valley Prep outperformed the state and national averages, with an average score of 977 versus 957 in Rhode Island and 973 nationally.
KIPP Bay Area high school alumni are over four times as likely to graduate from college as their peers.
“Every high-quality public school deserves equitable, permanent financing. We’re combining traditional investment structures and cutting-edge philanthropy and putting it all to work against educational inequity.”
Anand Kesavan, CEO EFF