Details: Fellows receive a stipend and a budget for their learning plan and school launch support during a one-year fellowship that culminates in Fellows requesting school start-up funding from The Drexel Fund.
The Drexel Fund Founders Program is now accepting applications for its third cohort of entrepreneurs who wish to open a new private school! The Drexel Fund seeks visionary aspiring founders of new schools who are interested in gaining access to the support necessary to take an inspired dream for a new, sustainable, replicable high-performing private school model from possibility to reality.
We believe that there are not enough private schools serving low-income students, and we know that there are entrepreneurial leaders who should be supported to launch private schools in high-need communities. Drexel Fund Fellows want to open schools that have a student body that is at least a
third low-income, are academically rigorous and financially sustainable, and help students develop strong character. Drexel Fund Fellows commit to working alongside The Drexel Fund to complete a one-year fellowship that will support their efforts to solidify the critical components needed to launch a
new school. Through the fellowship, school founders develop their school’s education model and engage in the nuts and bolts of their school launch, including board and budget development, market analysis, facility location, student recruitment, and staff hiring. Drexel Fund Fellows will open schools that are replicable models that can be sustained operationally on less than 15 percent philanthropy.
For 2018-2019, The Drexel Fund Founder’s Program is only open to Founders who want to open schools in Arizona, Florida, Indiana, Louisiana, Ohio, and Wisconsin. These states have robust programs of public funding that make it possible for students of all income levels to attend private schools.
A Drexel Fund Fellow has done considerable work toward
refining their vision, securing resources, and forming a board.
He or she is also:
• Deeply committed and driven
• Self-aware and committed to continuous improvement
• An experienced, results-oriented and results-proven leader
• Committed to equity and builds a strong relationship with all stakeholders
• A strategic thinker
• A strong communicator with charisma
• A resourceful project manager
• A persistent and relentless change agent
The fellowship is rigorous and customized to the Fellow’s leadership development and school launch. The fellowship includes leadership coaching and cohort training. Fellows receive a stipend and a budget for their learning plan and school launch support during a one-year fellowship that culminates in Fellows requesting school start-up funding from The Drexel Fund. Each school that meets The Drexel Fund’s rigorous selection criteria will receive financial resources in the school’s early years before they reach full capacity. The Drexel Fund also will be a strategic and financial partner in the development of successful school models into networks of schools.
• Competitive stipend package
• Customized learning, development, and practice plans for each founder
• Coaching sessions on leadership development and assistance with school launch plans
• Ongoing learning and practice reinforced by quarterly cohort training sessions
• School visits to high-performing schools across the country
• Near-term opportunity to apply for school start-up funding as well as the long-term opportunity for strategic and financial support as the school replicates
• Two years of extended coaching and support after completing the fellowship if the Fellow’s school model is selected for school start-up support
Minimum Education Required
How To Apply
To apply to become a Drexel Fund Fellow, visit this website:
The application process for starting a new school with support from The Drexel Fund is designed to assess your readiness to embark on an immense challenge: the founding of a new, sustainable private school for underserved students that will ultimately replicate into a network of schools.