Funding schools, school networks, and educational entrepreneurs
Launched in 2015, The Drexel Fund is a nonprofit venture philanthropy fund that seeds new school models, scales networks of existing schools with a track record of academic and operational excellence, and strengthens the educational ecosystems needed to create the market conditions necessary for new private schools serving low-income students to thrive.
A national focus
The Drexel Fund invests in new, financially sustainable schools serving low-income students in any state with publicly funded private school choice. Investments are concentrated in five target states that provide the most advantageous environment for new, high-quality, financially sustainable, private schools—Florida, Indiana, Louisiana, Ohio and Wisconsin—and six opportunity states that show promise for school growth depending on the school model—Alabama, Arizona, Georgia, Nevada, North Carolina and Oklahoma.
Photo courtesy of The Oaks Academy.
The Drexel Fund is in the final year of Fund I, a four-year $21 million fund to support the creation of 8,000 new high-quality, private school seats. Funding is available to support the development and implementation of multiyear growth plans for new and existing networks of high-performing schools that serve low- and middle-income students, to innovative entrepreneurs planning their school launch through the Fund’s Founders Program, and for start-up grants for brand new, replicable schools.