PSP’s mission is to improve outcomes for low-income students and respond to the demand of families by expanding access to great schools. To achieve our mission, we provide grants to support the startup and growth of great schools of every type (district, charter, and private). PSP makes four types of grants:
- Incubation Grants: PSP supports development and planning for new schools, expansions of already high-achieving schools and turning around low-performing schools. For example, an incubation grant could support the drafting of a new charter school application, development of an existing school’s proposal for expansion, or early-stage planning for a turnaround school.
- Startup Grants: PSP supports the launch of new schools by providing funding for costs associated with the startup of a new school such as: facility acquisition/renovation, staff hiring and training, and school supplies. Startup grants are awarded to applicants with a comprehensive plan, including details on leadership, teacher talent, curriculum, school culture, facilities, and financial projections.
- Growth Grants: Growth grants support building the leadership and operational capacity of successful schools to make it possible for them to grow the number of students they serve. Growth grants are only awarded to applicants with a proven record operating high-performing schools.
- Turnaround Grants: PSP invests in the turnaround of low-performing schools by talented leadership teams. Only leadership teams with previous success turning around low-performing schools or experience operating a high-quality urban school(s) are eligible to receive a turnaround grant.