Innovative Financing for Sustainable Scale #glrweek 1 A F O C U - - PowerPoint PPT Presentation

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Innovative Financing for Sustainable Scale

#glrweek

Financing Approaches

June 14, 2017 Frank Farrow, Director Center for the Study of Social Policy

A F O C U S O N

For Local and State Early Childhood Systems

Evaluation and Data Tracking Strengthening Families Influencing Policy Workforce Development Social Marketing

Infrastructure Treatment- High Risk

• Home Visiting
• CCS
• Mental Health
• Special Ed
• Developmental Services
• Child Welfare
• Regional Center

Early Intervention-At Risk Promotion / Prevention – All Families

• Neighborhood Initiatives
• Prenatal Care/Pediatric Care
• Parenting Support/Parent Cafes
• Developmental and SE Screening
• Quality Child Care
• K-3 Education
• Community Supports (Parks & Recs,

Playgroups, etc.)

• Nutrition and WIC

Governance Help Me Grow

• Phone Line
• Family Navigation
• Assessments
• Community Supports
• Home Visiting
• Therapeutic Playgroups

Results Based Accountability

Alameda County’s Coordinated Community-Based Approach

Results

• Developmental Milestones for All Young

Children

• Kindergarten Readiness
• 3rd Grade Success
• Safety: Prevention of Abuse and Neglect

Services and Systems

• Cities and County
• Early Care & Education
• Health and Public Health
• Children’s Hospital
• School Districts (K-3)

/Special Ed

• Community-Based Organizations
• Social Services
• Legal Services
• DULCE

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Kent County’s Millage Tax Initiative: Making the Case for Dedicated Funding for Early Childhood

• 2011: Polling of likely voters to gauge support for early childhood
• 2012: Gap analysis/fiscal map highlighting service gaps & investment

needs

• Community Summit to develop a consensus agenda
• Public education campaign (Kellogg funded)
• November 2017: Updated gap analysis/fiscal map
• Spring 2018: Summit bringing together key stakeholders in early

childhood to kick off push to November 2018

• November 2018: Identified best time to advance a millage rate

increase

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CSSP’s Early Childhood Financing Collaborative

• Establish a

collaborative process to build and sustain effective financing

• Highlight innovations

and generate lessons across a broad set of sectors, services and supports

• Combine “strong

defense” and “proactive offense” with respect to changing policy and budget climate A group of national, state and local experts with expertise in one or more areas of early childhood finance who together are forging a capacity that amplifies good work underway, identifies gaps, lifts up effective strategies and makes the best knowledge available to many more communities.

Our Charge

capitalizing

• n early

literacy

Prin rinted 6/22 /22/2016

Failing Failing Our Future Our Future

• Low income children not

reading proficiently by 3rd grade are 13x more likely to drop out of high school

• Cincinnati leads the

country in child poverty with 53% of children born into poverty

Kinder Kindergarte garten n Readine Readiness ss

(Cincinnati Average, 2013-14)

3rd

rd Grade

Grade Reading Prof Reading Proficie iciency ncy

(Cincinnati Public Schools, 2013-14) White White Black Black

Changing t Changing the Outcom he Outcome

Cincinnati is poised to change the future:

• 1. Tangible community interest and momentum in United Way’s Success By SixTM

and StrivePartnership

• 2. Declaration by Cincinnati Children’s Hospital Medical Center to prioritize third grade

reading proficiency in its strategic plan for 2020

• 3. Ohio’s mandated Third

Grade Reading Guarantee encourages big hairy audacious strategies

Every Chil Every Child C d Capital apital

• A new philanthropic model that leverages private

capital to catalyze high-impact early literacy and health, provided a public partner has committed to take over the investment after a specified period of time.

• Three differentiating principles:

1) Portfolio approach with active deal sourcing 2) Thorough due diligence + innovation 3) Public exit strategy required

• Selecting investments that move

the dial on 0–9 literacy in a big way

Deal Deal 1: B 1: Book

• ok Distribution

Distribution

Program Overview

Gives every child the opportunity to receive a book every month from birth to 5 years Expected Outcomes

• Help low-income children build personal libraries
• Increase likelihood of reading at home and

better prepare children for kindergarten

• Larger vocabularies and greater brain

stimulation

• Generate first-of-its-kind database for early

childhood education partners

Partnership Structure

Imagination Library

• Book distribution program
• Children ages 0-5
• Builds libraries of 60+ books by Kindergarten

Reach Out and Read

• Nationwide pediatric provider program
• Stresses importance of reading
• Provides reading supports + 1 book per visit

Cincinnati Public Schools

• Better access to families regarding enrollment,

immunizations and school start dates

• Reduced need for reading specialists
• More accurate staffing plans

 Sourced Deal  Due Diligence

+ Innovation

 Exit Strategy

Deal Deal 1: B 1: Book

• ok Distribution

Distribution

Deal Deal 1: B 1: Book

• ok Distribution

Distribution

Outcomes

• Officially launched in September 2015
• Over 5,000 children enrolled in the program over the past 8 months
• 18 pediatric practices are currently enrolling children
• At the end of April, there will be a grand total of 24,329 books delivered to local children ages

0-5 years old

Deal Deal 2: Home 2: Home Visitation Visitation

Program Overview

Expansion of in-home visitation to prepare new mothers and their children for healthy, successful lives. Partnership with Cincinnati’s Every Child Succeeds program. May take the form of a social impact bond, or some variation on that model.

Current Stakeholders Current Stakeholders

Investors Investors

Carol Ann & Ralph V. Haile, Jr. / U.S. Bank Foundation Lazarus Fund of the Greater Cincinnati Foundation Thomas J. Emery Memorial United Way of Greater Cincinnati Duke Energy Foundation Fifth Third Bank (Jacob G. Schmidlapp Trust)

Leadership Leadership

Lee Carter Tom DeWitt Heidi Jark Ellen Katz Ross Meyer Leslie Maloney John Pepper Rob Reifsnyder Casey Ruschman Steve Shifman Shiloh Turner James Zimmerman

Support Support

StrivePartnership United Way of Greater Cincinnati Lewis & Clark Co. KnowledgeWorks

$3.9 $3.9 million million raised raised to to date date