Providing charter schools with access to capital to create and expand facilities
The Building Equity Initiative is a first-of-its-kind effort to provide charter schools with access to capital to create and expand facilities. Since its launch in 2016, the BEI has helped remove facilities barriers for educators and entrepreneurs in three cities, allowing them to serve an additional 6,900 students in the years to come.
When the BEI launched, we set out to create a larger network of resources that charter schools could utilize when finding and securing facilities with the help of Civic Builders. Today, there are more of these assets than ever — real estate experts, lenders, financiers, technical assistance providers and more.
Much work remains. In year two, we plan to build on the successes of year one while continuing to develop new and unprecedented ways to make capital easier and more affordable for those who need it most: charter school founders.
Alice Walton and Jim Walton explain the Walton family's latest initiative to meet growing demand for high-quality public school options. The Walton Family Foundation announced the $250 million Building Equity Initiative in 2016, a first-of-its-kind nonprofit effort to provide charter schools with access to capital to create and expand facilities.