CMO Update

ICEF, a Los Angeles-based CMO, announced this week that they are in debt in the short- and long-term, and unlikely to meet payroll deadlines.  Philanthropists, including the Broad Foundation, had to raise $3 million to keep the organization afloat.  Mike Piscal, the fiery CEO, will become the academic leader while Caprice Young steps in to right the ship.  Young is a former LAUSD board member, former CEO of the California Charter Schools Association, a current partner (with Tom Vander Ark) at Revolution Learning, and a former DFER board member.  She's done other things, too - that's just a partial list (she's on the Board of Trustees at the Thomas B. Fordham Institute, for instance).

Yesterday, Duncan announced $50,000,000 for charter school expansion, including grants to Achievement First, Aspire, KIPP, Eva Moskowitz's Success Network, and a handful of other organizations.  

Not to be outdone, the Charter School Growth Fund announced a new $160,000,000 fundraising campaign.