- Pennsylvania Among 'Terrible 10' Most Regressive Tax States
- February 4 Non-Partisan Training: HOW TO RUN FOR ELECTION BOARD IN 2013: HOW TO RUN FOR COMMITTEEPERSON IN 2014
- Republican Governors Opt-In to Medicaid Expansion
- The Reports of Unions' Death Are Greatly Exaggerated
- Ask Allyson Schwartz to run for Governor
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- Jan. 14 Workshop:HOW TO RUN FOR ELECTION BOARD IN 2013; HOW TO RUN FOR COMMITTEEPERSON IN 2014
- Seth Williams on Guns, Jasmine Rivera on School Closures @PFC Meetup Wednesday
- PA Revenue Strong Midway Through Year; Tax Cut Could Have Big Impact
- What to Make of the Fiscal Cliff Deal?
Is it time for me to withraw my money from The Reinvestment Fund?
My mother invested some money with TRI a few years before she died. I've left the money there because I thought it's what she would have wanted: TRI does a lot of good stuff.
But this article is very disturbing.
Nowak has long had this perspective. The Reinvestment Fund (TRF), the community investment giant that Nowak co-founded in 1985, has made more than $235 million in loans to charters. Nowak served as the first board chairman at Mastery Charter Schools, whichwas involved in the Blueprint’s rollout and is poised to expand its influence over Philly schools.
The model that Nowak pioneered at TRF is now, at William Penn, set to use old money to fund a new philanthropy: a combination of the liberal foundation era’s insistence on appealing to non-ideological pragmatism to shape government policy and the conservative foundations’ skepticism of (though not outright hostility to) government in favor of the free market.
Really? $235 million in loans to charters? My mother is rolling over in her grave*.
Also in that article -- much other disturbing information about the behind the scene machinations in the appointment of the new PSD superintendent.
* A figure of speech. She was cremated.