Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Walton Family Foundation bankrolls two charter-school finance funds

ImpactAlpha, April 10 – Lack of access to financing to build and improve facilities is among the biggest barriers to the expansion of high-quality charter schools (see, “Private financing for public education”). The foundation backed by the founders of Walmart is steering $300 million toward two loan funds that aim to make it easier for non-profit charter schools to access facilities financing.

  • The $200 million Charter Impact Fund… will offer schools fixed-rate 30-year loans to acquire land or buildings, refinance existing debt, or to expand. The loans will cover as much as 100% of project costs.
  • The $100 million Facilities Finance Fund… will offer five-year loans to cover up to 90% of new construction or renovation costs. The short-term fund is administered by Civic Builders, a public charter school developer, with backing from Bank of America Merrill Lynch.

The funds are part of the Walton Family Foundation’s $250 million Building Equity Initiative, which aims to support public charter schools in finding, securing and renovating facilities.

You might also like...