Education Funding News in Brief

Enterprise Seeks Educational Ideas

September 25, 2007 1 min read

A new nonprofit group is hoping to attract a few enterprising fellows—literally—to Indianapolis to help tackle some of public education’s most vexing problems.

The Mind Trust, an Indianapolis-based organization that aims to promote education entrepreneurship in that city, and beyond, is offering two-year fellowships for up to four individuals, with an annual salary of $90,000 each.

“What we’re trying to do is provide space for promising educational entrepreneurs to develop and launch new education initiatives,” said David E. Harris, the president and chief executive officer of the Mind Trust. “We want to provide essentially an incubator.”

Mr. Harris, the former charter school director for the office of Indianapolis Mayor Bart Peterson, cited as models for the future efforts such outfits as Teach For America, the New Teacher Project, and the Knowledge Is Power Program, or KIPP. Proposals must be aimed at helping underserved or disadvantaged public school students.

The fellows will receive $20,000 in addition to their salaries for related professional training and travel, plus benefits and space to work at the Mind Trust’s offices in Indianapolis. Applicants must submit a statement of intent to apply by Jan. 15.

“If you are a private-sector entrepreneur, you can get private capital,” Mr. Harris said. “In the social sector, there is no incentive comparable to that.”

The initial investment in the fellowship program is $900,000, with about half coming from the Englewood, Colo.-based Challenge Foundation.

Mr. Harris and Mayor Peterson founded the Mind Trust last year. It receives funding from a variety of philanthropies and from individual donors.

Frederick R. Hess, the director of education policy at the American Enterprise Institute, a Washington think tank, applauded the effort.

“There’s not a lot of mechanisms for cultivating these kinds of talented, interesting people and letting them stack the odds in their favor,” said Mr. Hess, who studies educational entrepreneurship. “None of it guarantees success, … but it will increase the likelihood.”

Events

Student Well-Being Webinar Boosting Teacher and Student Motivation During the Pandemic: What It Takes
Join Alyson Klein and her expert guests for practical tips and discussion on how to keep students and teachers motivated as the pandemic drags on.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
A Holistic Approach to Social-Emotional Learning
Register to learn about the components and benefits of holistically implemented SEL.
Content provided by Committee for Children
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
How Principals Can Support Student Well-Being During COVID
Join this webinar for tips on how to support and prioritize student health and well-being during COVID.
Content provided by Unruly Studios

EdWeek Top School Jobs

Interdisciplinary STEAM Specialist
Smyrna, Georgia
St. Benedict's Episcopal School
Interdisciplinary STEAM Specialist
Smyrna, Georgia
St. Benedict's Episcopal School
Arizona School Data Analyst - (AZVA)
Arizona, United States
K12 Inc.
Software Engineer
Portland, OR, US
Northwest Evaluation Association

Read Next

Education Funding Opinion What's It Take for Philanthropy to Help Rural Schools?
Place-based philanthropy has enormous potential to revitalize rural communities. The trick is, it’s tough to get this sort of approach right.
4 min read
Image shows a multi-tailed arrow hitting the bullseye of a target.
DigitalVision Vectors/Getty
Education Funding Summer School, Extended Learning a Priority in $129 Billion COVID-19 Relief Bill
The reconciliation bill from House Democrats is an early attempt at what's shaping up to be a new federal aid package for education.
5 min read
A staff member holds the door open for kids on the first day of school at Goodwin Frazier Elementary School in New Braunfels, Texas on Tuesday, Aug. 25, 2020.
A staff member holds the door open for kids on the first day of school at Goodwin Frazier Elementary School in New Braunfels, Texas on Tuesday, Aug. 25, 2020.
Mikala Compton/Herald-Zeitung via AP
Education Funding Details of Biden's Education Relief Pitch Prioritize Smaller Classes, Avoiding Layoffs
The administration's breakdown of COVID-19 needs also includes $50 billion for social distancing and $29 billion for learning recovery.
5 min read
Image of the White House seal
Bet Noire/Getty
Education Funding Lawmakers Push $75 Billion for Learning Recovery Among Trio of COVID-19 Bills
The legislation, which also covers school infrastructure and education jobs, could become the vehicle for Biden's K-12 relief plan.
6 min read
Rep. Bobby Scott, D-Va., speaks during a news conference in Washington on June 24, 2020.
Rep. Bobby Scott, D-Va., speaks during a news conference in Washington on June 24, 2020.
Manuel Balce Ceneta/AP