NewSchools Venture Fund

Ted Mitchell. Ted Mitchell is the President and CEO of NewSchools Venture Fund. He also serves as President of the California State Board of Education. He serves on the board of directors of Alliance for College-Ready Public Schools, EnCorps, Friendship Public Charter School, Green Dot Public Schools, and New Leaders for New Schools. Prior to taking the helm at NewSchools in 2005,… See full bio.

	Overhead Ratio: 6.39%
Charity Navigator Rating: (profile)	Total Revenue: $16,626,986

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Website:	http://www.newschools.org/	Address:	49 Stevenson St
E-Mail:	info AT newschools.org		San Francisco, CA 94105, USA
Phone:	415-615-6860
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Story: What does NewSchools Venture Fund do? As a nonprofit venture philanthropy firm, NewSchools Venture Fund raises capital from both individual and institutional investors; they then use those funds to support promising education entrepreneurs, help them grow their organizations to scale, and connect their work with public school systems particularly within targeted urban areas. They analyze the national education landscape and the ecosystem for this type of dramatic change in each of their key urban areas to determine how education entrepreneurs are poised to make a difference. Once potential ventures are identified, the NewSchools Venture Fund's team engages in a rigorous investment process that includes due diligence on the organization, its management team, its model, product, and results, as well as the market it seeks to address. When the team invests in an organization, they serve as active partners by taking a seat on the board of directors and by providing ongoing management assistance to the leadership team as the venture grows to scale. In order to maximize the impact of our ventures, NewSchools also connects the work of these entrepreneurs with one another and with the broader field through events and publications. Ultimately, their goal is to empower the entrepreneurs they support to transform public education so that all children have the opportunity to attend a high-quality public school. (Learn more at: http://www.newschools.org/work)

Evidence of Impact Summary:

NewSchools Venture Fund is praised for its long history of investing in and supporting charter schools. Their network and funds are cited as examples of the organization's impact.
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Organization Strengths Summary:

Experts cite the quality of collaboration with other network members as a strength. Their staff and programming are also mentioned as strengths.
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Areas for Improvement Summary:

Respondents suggest the organization could improve its program model, staff, and leadership.
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Ted Mitchell is the President and CEO of NewSchools Venture Fund. He also serves as President of the California State Board of Education. He serves on the board of directors of Alliance for College-Ready Public Schools, EnCorps, Friendship Public Charter School, Green Dot Public Schools, and New Leaders for New Schools. Prior to taking the helm at NewSchools in 2005, Ted served as president of Occidental College in Los Angeles. He has also served as Deputy to the President at Stanford University, Vice Chancellor and Dean of the School of Education and Information Studies at University of California - Los Angeles, and as Professor and Chair of the Department of Education at Dartmouth College. Ted Mitchell is a national leader in the effort to provide high-quality education for all students and has long been active in educational reform initiatives throughout California and Los Angeles. He chaired the Governor's Committee on Educational Excellence, charged with making recommendations to improve California's system of K-12 finance and governance, and currently serves on the California P-16 Council and chairs the Commission on Teacher Effectiveness for the Los Angeles Unified School District. In addition, he has been an active board member for a number of high-performing organizations, including Children Now, ConnectEd: The California Center for College and Career, The McClatchy Company, National Alliance for Public Charter Schools, as well as eight years of service on the NewSchools board before becoming CEO. He also serves on the advisory council for Stanford University's Initiative on Improving K-12 Education and the advisory board of the American Federation of Teachers (AFT) Innovation Fund. Ted graduated from Stanford with bachelor's degrees in economics and history, and also earned a master's degree in history and a doctorate in education there. He lives in southern California with his wife, Christine Beckman, who is a professor of strategy and management at the Paul Merage School of Business at University of California-Irvine, and their children Caroline and Theo.

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