Showing posts with label Julian Robertson. Show all posts
Showing posts with label Julian Robertson. Show all posts

Monday, August 9, 2010

The tangled web of influence behind Klein's decision to allow the expansion of Girls Prep charter to go forward

Last week, Joel Klein disclosed he would invoke “emergency powers” to enable Girls Prep Charter School to expand within PS 94, even as it pushes out a program for autistic kids, contrary to the ruling of the NY State Education commissioner, David Steiner.



Steiner had held that Klein's actions violated state law, as Klein had refused to recognize that the autistic program was a school, any change to which required a public process occur beforehand, including informing the parents of the children who would be affected. Klein's actions in invoking emergency powers to displace a school for autistic children on behalf of a charter school has provoked much outrage from parents, elected officials, and special education advocates alike.



Mike Klonsky has pointed out that hedge fund maven Ravenel Boykin Curry IV, subject of a recent NY Times profile, is on the board of Public Prep, the charter management organization (CMO) that operates Girls Prep. But this only scratches the surface of this massively connected charter school.



Also on the board of Public Prep is Eric Grannis, husband of Eva Moskowitz, operator of the Harlem Success chain of charter schools, who has provoked her share of controversy by aggressively expanding within public school buildings, also with the aid and assistance of Joel Klein, to the extent of letting him know which public schools to close for her benefit. Grannis is a founding member of Girls Prep board and former counsel of the board:



Sarah Robertson is also on the Public Prep board and remains head of the Girls Prep board. Sarah is the wife of Spencer Robertson, the founder of PAVE charter school, installed by Klein in PS 15 in Red Hook, Brooklyn. PAVE is the subject of another complaint to the Commissioner, charging that its expansion will have damaging effects on the students with disabilities at PS 15, impacts which were omitted from the DOE's Educational Impact Statement. Unfortunately, in that case, the Commissioner did not see these effects as important enough to require them to be mentioned in the EIS.



Spencer Robertson, husband of Sarah, is the son of the hedge fund billionaire, Julian Robertson, who controls two influential and deep-pocketing foundations, the Tiger Foundation and the Robertson Foundation, both of which support Bloomberg's agenda to the tune of millions of dollars, through the Fund for Public Schools and other vehicles.

The Robertson Foundation is also among the largest contributors to Education Reform Now, the aggressive pro-charter school organization, and is one of the main funders of the NYC Charter Center, on whose board Joel Klein sits. The head of the board of the NYC Charter Center is Phoebe Boyer, the Executive Director of the Tiger Foundation and Interim Executive Director of Robertson Foundation.

Julian Robertson is in the news recently, not about his efforts on behalf of NYC charters, but because he took the Gates/Buffett billionaire’s pledge to give away most of his money to charity. Why that couldn’t include finding space for the charter schools run by his son and daughter-in-law, so that they wouldn’t have to push out autistic and other high-needs kids from critical space in their public schools is hard to figure out.



Perhaps contributing to his reluctance is the fact that these billionaire hedge fund privateers are intent on “leveraging” their private contributions as much as possible, as one of them, Whitney Tilson, pointed out in the NY Times article:

“It’s the most important cause in the nation, obviously, and with the state providing so much of the money, outside contributions are insanely well leveraged,” he said.

Julian Robertson is also a philanthropist who is awfully good at avoiding to pay NYC taxes, even to the extent of hiring a social secretary to keep track of how many days he should stay out of the city each year.



Why did Girls Prep want to expand in the first place? See the SUNY charter center fiscal dashboard, which shows that this school had recently moved into dangerous territory fiscally speaking, and most likely wanted an infusion of taxpayer funds generated by higher enrollment, without having to dip into the hefty pockets of their board members or Spencer’s generous father.

Friday, December 18, 2009

Charter schools: the new polo ponies of the wealthy

It appears from an article in the Brooklyn Paper that the PAVE charter school board has been put on the defensive by DOE's proposal to give them a five year extension on staying at PS 15 -- and allowing them to take more space from the school each year as they expand, instead of the two year extension they originally requested.

A member of the board revealed that they have already been provided $26 million of city taxpayer funds from the NYC Department of Education for their own facility, and have raised $6.2 million more. Apparently they lack only $6 million to make this new building a reality.

Unmentioned in the article is that Spencer Robertson, the founder of PAVE, is the scion of Julian Robertson -- former hedge fund manager and according to Forbes, the #147 wealthiest person in the US, with an estimated fortune of $2.2 billion.

Julian Robertson is one of many hedge fund operators who have taken up charter schools as their new hobby, according to an article in the Style section of the NY Times. Robertson owns vineyards and golf courses in New Zealand, as well as homes in Locust Valley, the Hamptons and Sun Valley, as well in New York City.

He and other financiers are especially enthusiastic about the cause, because they their contributions are more than matched by hefty subsidies from state and city taxpayers. According to Whitney Tilson, another hedge fund operator and charter school supporter:

“It’s the most important cause in the nation, obviously, and with the state providing so much of the money, outside contributions are insanely well leveraged."

And yet Julian Robertson himself is careful not to pay NYC taxes , by making certain to spend under 183 days in the city. The state recently brought a lawsuit against Mr. Robertson senior for failure to pay taxes, but Robertson won this case, by proving that he had carefully worked out the minimum number of days he would reside in the city and having his scheduler keep records of this:

"...Mr. Robertson designated an assistant, his scheduler Julie Depperschmidt, to keep a careful count of where the Robertsons were from day to day in 2000 and to make sure they did not spend 183 days or more in New York City."

Spencer Robertson's wife Sarah is Director of Talent Recruitment at PAVE , and head of the board of Girls Prep Charter School, which has caused considerable controversy of its own by seeking to expand within a District 1 public school building. See the photo below, courtesy of the NY Times, of a recent District 1 meeting about the expansion of this school.
Another member of the Girls Prep board is Eric Grannis, husband of Eva Moskowitz, who makes more than $300,000 a year, operating another string of charter schools and who herself has been eager to expand her schools even further into the buildings of existing public schools in Harlem.

See this article about a "secret" meeting that took place last May, between Bloomberg, Bill Gates, Eli Broad, Julian Robertson and other members of the Billionaire Boy's club, about how to coordinate their charity "efforts".

I suppose that didn't include a measly $6 million for a building for PACE, since DOE has now given them carte blanche to keep squatting in PS 15 for at least five more years-- which presumably would also allow the school to keep collecting interest from the $26 million of taxpayer funds they already had been given for school facilities.
(I wonder what the reaction of these hedge funds operators might be if a charter school was allowed to take up space and expand within the private schools where their own children attend school. )

Finally, everyone must read this brilliant Diane Ravitch piece about how the Obama administration's "Race to the Top" program, with its emphasis on charter school expansion is antithetical to the whole concept of equal opportunity and public responsibility for education. She puts it within a historical context, as only Diane can do:

Having written the history of the New York City public schools, I was reminded of the origins of free schooling in certain northeastern cities in the early 19th Century, when wealthy men decided that it was their civic duty to help civilize the children of the poor. In their view and in their day, they were doing good deeds, but their schools were stigmatized as charity schools for children of paupers and were avoided by children of the middle class. Outside of big cities, public education emerged as a community response to a community's need to school its children, not as a charitable venture.

Today, with the proliferation of charter schools, we may be seeing a resurgence of the historic pattern as public schools are privatized and taken over by very rich men (and women) who see themselves as saviors of the children of the poor. Naturally, you find this a repellent portrait because it undermines the democratic foundations of public education. It means that our society will increasingly rely on the good will of wealthy patrons to educate children of color. It means that education is seen as a private charity rather than as a public responsibility. Let's hope that the new owners who have taken over these schools are able to sustain their interest. After all, having 500 children in your care is not the same as having a stable of polo ponies or a vineyard in Napa Valley. If the children don't produce results that make the sponsors proud, they may pick a different hobby.