They have a lot
of philanthropic money behind them — Wall Street hedge fund managers have made this their favorite cause.
How
much philanthropic money would be needed depends on the size of the market, the cost of the market relative to the per - pupil charter aid, the number of schools contemplated, and whether a replicator would, as in Albany, adhere to school models that start small and remain small.
Why does the University of Memphis collect hefty accounting fees for administering federal grants, when millions in
private philanthropic money will pass through the university free of such charges?
Other than a one - time $ 25,000 donation from Carl Lindner Jr., a sometimes - controversial Cincinnati billionaire who died in 2011, the school hasn't raised
any philanthropic money to supplement the tuition it receives from its thirty paying students and the EdChoice money.
With
the philanthropic money — not counting community partnerships that provide educational and facilities improvements — Partnership schools spend only about $ 650 more per student per year than the average district student, for whom about $ 11,000 is budgeted by the state.