Impact

Since its launch in 2000, The Fund has:

Focused the private sector on a vital priority: improving leadership in public schools
Persuaded CPS to adopt, implement and co-finance each of our portfolio programs and incorporate our strategies into their broader education plan
Coordinated the most comprehensive audit ever of CPS professional development spending and offerings, resulting in immediate improvements in accountability, budgeting and delivery of professional development

Invested more than $14 million in a portfolio of programs that has benefited more than 250,000 Chicago Public Schools students and generated more than 2,000 leaders currently in CPS

Leveraged an additional $67 million by influencing the way that public dollars are spent and by actively encouraging other public and private entities to support programs in our portfolio
Driven policy changes to allow talented people with management expertise outside the field of education to become principals; improved the principal candidate pool by helping the district strengthen its principal eligibility requirements; and supported a portfolio of principal development programs whose graduates, by 2008, could account for the leadership of half of Chicago's 627 public schools
Assembled a group of corporate and civic leaders to serve on the Principal Task Force, a thought partner and catalyst for action with CPS to overhaul the entire principal development system
Designed, developed and implemented a “master teacher” strategy based on National Board Certification; lobbied the state to more than double the budget for NBC; leveraged millions in pay-for-performance incentives for schools and teachers; and exponentially increased master teacher ranks—from 11 in 1999 to 863 today
Created new avenues for high-quality, non-traditional talent to teach in Chicago's classrooms;and emphasized recruitment in high-need areas of math and science
Raised more than $25 million, with major support from Chicago companies and civic leaders, many of whom had not previously invested in public education or not invested at significant levels