Live Webinar JALOPY JEANS SALE! IN EDUCATION. Thursday, September 21, 2:00-3:00 PM ET

Transcription

1 JALOPY JEANS SALE! Live Webinar INNOVATIVE IMPACT INVESTING IN EDUCATION Thursday, September 21, 2:00-3:00 PM ET

2 0 2 You are currently muted by default Please use the Questions box on your control panel to ask questions throughout the webinar. There will be a survey at the end of the webinar. Your feedback will help us to better our programming This webinar is being recorded We are live tweeting & #MIElive!

3 0 3 S P E A K E R S BETH BRAY PROGRAM OFFICER WALTON FAMILY HOLLY HART MCKIERNAN EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER AND GENERAL COUNSEL LUMINA NEERAJ AGGARWAL PROGRAM OFFICER, MISSION INVESTING THE MICHAEL & SUSAN DELL FOUNDATION MODERATOR: MELANIE AUDETTE SENIOR VICE PRESIDENT MISSION INVESTORS EXCHANGE

4 0 4 SETTING THE STAGE Introduction and overview of impact investing in education IMPACT JOURNEYS Overview of impact investing programs at the Walton Family Foundation and Lumina Foundation TODAY'S PLAN DEEP DIVES More information in the specific tools and approaches being used Q & A Answer some questions you have posed during registration and live today

5 0 5 SETTING THE STAGE Introduction and overview of impact investing in education IMPACT JOURNEYS Overview of impact investing programs at the Walton Family Foundation and Lumina Foundation TODAY'S PLAN DEEP DIVES More information in the specific tools and approaches being used Q & A Answer some questions you have posed during registration and live today

6 IMPACT INVESTING SPECTRUM

7 C H A N N E L S F O R I N V E S T I N G I N E D U C A T I O N Investors can invest directly in schools, companies, or technologies Investors Debt Equity OR they can invest in financial / other intermediaries that invest in education Investors Debt Equity Schools Companies Technologies Goods & servies Beneficiaries & customers Banks/Funds Debt Equity Schools, companies, technologies Goods & Services Education Holding Co. Microfinance Providers Education Microcredit Source: Open Society Foundation's Working Paper: "Impact Investing in Education: An Overview of the Current Landscape" Beneficiaries & customers

8 MISSION MSDF

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11 PORTFOLIO OVERVIEW Active India investments India US (excl. Ed-Fi/DDE) Active US investments India fund investments 4

12 OVERVIEW OF US PRI PORTFOLIO Affordable Central Texas $15.9M committed ($12.3M paid) 4 different instruments (equity, debt, PRRG, conv note) 4 different vehicles (fund, CDFI, for-profit, non-profit) $8.4M in Program Teams (DDE, CPC, Health, CTX) September 19,

13 In four years since 2013, have made 28 investments and deployed $58M Seven years to make fifteen investments and deploy $17M capital 6

14 0 7 SETTING THE STAGE Introduction and overview of impact investing in education IMPACT JOURNEYS Overview of impact investing programs at the Walton Family Foundation and Lumina Foundation TODAY'S PLAN DEEP DIVES More information in the specific tools and approaches being used Q & A Answer some questions you have posed during registration and live today

15 W A L T O N F A M I L Y F O U N D A T I O N MISSION STAFF GEOGRAPHIES SERVED IMPACT INVESTING The Walton Family Foundation is working to improve K-12 outcomes for all students, especially those of limited means, by ensuring access to high-quality educational choices that prepare them for a lifetime of opportunity 112 employees All across the country. Specifically in our K-12 program, we focus efforts on 13 cities. First PRI in staff on the K-12 education team

16 0 8 W A L T O N F A M I L Y F O U N D A T I O N Since 2003, WFF has invested over $120 million in facilities support, majority in PRIs to community non-profit organizations that: Use our funds to leverage other dollars to construct and/or finance facilities below market rates and; Recycle our funds to expand the reach of initial investments. WFF s PRIs are structured as: Interest-free or low-interest loans Interest-free or low-interest loans Repayment periods of roughly years

17 W F F H A S A C H I E V E D S I G N I F I C A N T I M P A C T F R O M I T S 1 4 Y E A R S O F I N V E S T I N G I N C H A R T E R F A C I L I T Y F I N A N C I N G. Since 2003, WFF has helped create over 207,000 seats in nearly 400 schools, while achieving a leverage ratio of 29:1 on investments.

18 O V E R S E P A R A T E F I N A N C I N G S H A V E B E E N C O M P L E T E D B Y W F F S 9 P R I R E C I P I E N T S, S U P P O R T I N G S C H O O L S I N 2 6 S T A T E S.

19 T H E L I N K B E T W E E N F A C I L I T Y I N V E S T M E N T S A N D S E A T C R E A T I O N C O N T I N U E S T O B E C R I T I C A L T O C H A R T E R G R O W T H. Since 2003, WFF has achieved an overall leverage of 29:1 on a cumulative total project budget of $3.6 billion. Annual Seats Created from WFF Investments, All Grantees In 2016 alone,wff invested in projects that created over 39,400 seats, with a total combined $471 million.

20 1 2 L U M I N A F O U N D A T I O N : O U R W O R K Lumina Foundation is an independent, private foundation in Indianapolis that is committed to making opportunities for learning beyond high school available to all. We envision a system that is easy to navigate, delivers fair results, and meets the nation s need for talent through a broad range of credentials. Our goal is to prepare people for informed citizenship and for success in a global economy.

21 1 3 L U M I N A F O U N D A T I O N : A B O U T U S LOCATION STAFF ENDOWMENT IMPACT INVESTING Lumina s Headquarters are located in downtown Indianapolis, Indiana, and the Foundation also has an office in Washington, DC. The Foundation currently employs 57 staff members. Lumina is among the nation s top 100 private foundations with an endowment in excess of $1 billion. Lumina is among the nation s top 100 private foundations with an endowment in excess of $1 billion. Director of Impact Investing CEO COO/General Counsel VP of Strategic Impact Directors of Strategic Engagement and Grants Management

22 1 4 L U M I N A F O U N D A T I O N S T R A T E G I C P L A N F O R

23 1 5 I N V E S T E E S A L I G N E D W I T H S T R A T E G I C P L A N

24 1 7 SETTING THE STAGE Introduction and overview of impact investing in education IMPACT JOURNEYS Overview of impact investing programs at the Walton Family Foundation and Lumina Foundation TODAY'S PLAN DEEP DIVES More information in the specific tools and approaches being used Q & A Answer some questions you have posed during registration and live today

25 18 CHARTER SCHOOL DEVELOPMENT CORPORATION (CSDC) In 2014, WFF invested $5 million in CSDC through a 10 year, 0% interest program-related investment. Since receiving the loan, CSDC has: Financed 21 facility projects 7 projects directly using WFF capital, and another 14 using capital derived from other sources (e.g. philanthropy, public funding, etc.) Created 11,890 new seats in charter schools Supported over $70M in total project costs Achieved a leverage ratio of 12:1 on WFF funds

26 1 9 I N , W F F L A U N C H E D T H E B U I L D I N G E Q U I T Y I N I T I A T I V E I N A N E F F O R T T O D E E P E N I M P A C T.

27 2 1 L U M I N A ' S I N V E S T M E N T : C A R E A C A D E M Y Founded in 2016, Care Academy provides online training for home healthcare professionals and certifies competencies of these services providers to comply with various state requirements to practice. The platform allows standardized competency verification and is offered in multiple languages given the diversity of the population served. Experienced leadership team tackling healthcare from both the patient outcome and service provider s vantage point Serves opportunity population of adults with no postsecondary learning nor credentials Aligns and advances the Foundation s equity imperative Early stage but rapidly growing in high potential market Company seeks to provide entry and pathway to career and educational attainment in the healthcare sector Co-investors include ReThink Education and other angel investors

28 2 2 SETTING THE STAGE Introduction and overview of impact investing in education IMPACT JOURNEYS Overview of impact investing programs at the Walton Family Foundation and Lumina Foundation TODAY'S PLAN DEEP DIVES More information in the specific tools and approaches being used Q & A Answer some questions you have posed during registration and live today

29 2 3 U P C O M I N G E D U C A T I O N W E B I N A R Exclusive for members of the Global Impact Investing Network and Mission Investors Exchange INVESTMENT OPPORTUNITIES IN THE EDUCATION SECTOR Thursday, November 30, :00am - 12:00pm EST

30 24 UPCOMING EVENTS MIE at SOCAP October 10-13, 2017 San Francisco, CA 2018 National Conference May 14-16, 2018 Chicago, IL

31 THANK YOU FOR ATTENDING! IF YOU ARE NOT ALREADY A MEMBER, PLEASE CONSIDER JOINING THE MISSION INVESTORS EXCHANGE COMMUNITY TODAY.