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Peter Greene: How to Make a Profit from Non-Profit Charter Schools

27 Jun

Diane Ravitch's blog

We have recently heard from political candidates who claim they oppose “for-profit charter schools” but support “non-profit charter schools.”

What they don’t know is that this is a distinction without a difference. Many “non-profit charter schools” are managed by for-profit EMOs (Education Management Organizations). Some are theoretically “non-profit” but pocket big money on their lease agreements (paying exorbitant sums to lease their space from a real estate company who is owned by the charter owner).

Peter Greene explains here how non-profits make a profit. It is legal graft, in which entrepreneurs figure out how to profit from taxpayers’ money intended for students and teachers.

His article originally appeared in Forbes.

He writes:

There is such a thing as a business that specializes in charter schools and real estate. In some states, the government will help finance a real estate development if it’s a charter school, and in general developers have…

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Posted by on June 27, 2019 in Uncategorized

 

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