Concerning Trends in Philanthropy for Education Reform

Stacey Childress, Senior Education Advisor at McKinsey & Co., rejoined me and Diane Tavenner to discuss the world of education philanthropy. Stacey draws from her previous experience at NewSchools Venture Fund and the Gates Foundation to analyze troubling trends in the sector. I was curious to learn what she and Diane would do differently—as funders and as operators. As always, thanks for reading, writing, and listening—and let me know what you think.

Diane Tavenner:

Hey, Michael.

Michael Horn:

Hey, Diane. It's good to see you.

Diane Tavenner: 

It's good to see you as well. I think the unofficial start of summer has happened. I know that because I had a big graduation last week. My son graduated from college, which is quite surreal. It's also the last episode of the season, which I can hardly believe.

Michael Horn:

First, congrats to you and to Rhett on the graduation. It's very exciting news. I can't believe it's the end of the season. We've had the chance to interview many interesting people, and we've particularly enjoyed having one guest back on the show.

Diane Tavenner:

That's true. I'm excited to reintroduce Stacey Childress. Regular listeners will be familiar with her. We originally teamed up for a two-part series on higher education and had so much fun that we decided to do it again for K-12 education. 

Hopefully, folks are enjoying those episodes. During those conversations, we had some off-the-record dialogue about a big topic in education right now, and we decided it was an important conversation to have. So, welcome back, Stacey. We're thrilled to have you here. We've covered your credentials before, but today you're really in the expert seat, having been involved in multiple aspects of philanthropy, which is the direction we're going.

Michael Horn:

Hi, Stacey. Thank you for joining us again.

Stacey Childress:

I am happy to be here. There are two things I'm reflecting on now that this is my fifth episode in a row.

Diane Tavenner:

Yes.

Stacey Childress:

One, never say anything to you guys in an offhand way because it might become a podcast episode. Oh, we ought to do philanthropy, and now here we are. I've learned my lesson.

The second thing is, I feel like I've moved from guest to long-term guest, almost like we’re in roommate mode.

Changes in Education Philanthropy

Michael Horn: 

We'll see. Diane and I are persuasive. Either way, thank you for joining us. We're excited to dive into this topic of education philanthropy. As you both alluded to, it feels like the water around philanthropy and education is really churning right now. It feels different from how it has in the past. Maybe it's my imagination, maybe it's not. There was recently an article in Inside Philanthropy talking about the changing nature of education philanthropy, which struck a chord with us. Many of our listeners are running school networks, starting education nonprofits, or interfacing with donors. We wanted to dive into this important sector of the education reform movement to discuss how it is or isn't changing and its implications for our sector. Diane, what did I miss before we dive in?

Diane Tavenner:

I think you captured it well, Michael. Just a minute more on the philanthropy aspect. The article did a good job of capturing the feeling. The conversations I regularly have with folks in education, whether in nonprofits or school organizations, or anyone in the ecosystem who relies on philanthropy for their initiatives or operations, there's a real sense of worry, stress, and fear. There's a belief that there is less philanthropy available, and it's confusing what is being fu