An Aspire primer
Aspire Public Schools is a major CMO in California. The Gates Foundation just recently secured Aspire’s continued growth. It didn’t hurt that Aspire’s co-founder, Don Shalvey, started working for the Gates Foundation in March 2009. Additional information about the Oakland Aspire schools is at the end of the article.
Foundations help Aspire charter network expand (AP) – May 6, 2010
SEATTLE — The Gates and Schwab Foundations announced Thursday they will back a California charter school network's efforts to secure $93 million in tax-exempt bonds to help them expand and serve more than 4,000 new students.
The unique financing arrangement is known as a Program Related Investment.
Both the Bill & Melinda Gates Foundation and the Charles and Helen Schwab Foundation have provided $8 million in unfunded guarantees to Aspire Public Schools to back the charter