Bridgeport, Bridgewater Associates, Charter Schools, Malloy, Stefan Pryor, Steve Perry Capital Preparatory Magnet School Bridgeport, Charter Schools, Families for Excellent Schools, Inc., Malloy, Ray Dalio, Stefan Pryor, Steve Perry 25 Comments
Surprise, surprise… An out-of-State charter school advocacy group has started an advertising campaign to support the Malloy administration’s decision to give Steve Perry his own privately run, but taxpayer funded, charter school in Bridgeport.
According to a reports from the CT Mirror and Hartford Courant, Families for Excellent Schools, Inc., a charter school advocacy group based in New York, has begun a Connecticut radio advertising campaign in support of the Malloy administration’s decision to approve two new charter schools in Bridgeport.
Families for Excellent Schools, Inc. is running the radio spots to defend Commissioner Stefan Pryor and State Board of Education’s underhanded effort to approve the proposed charter schools. One of the charter schools will be run by the out-of-state Great Oaks charter school chain while the other is Steve Perry’s Capitol Preparatory Harbor school.
The advocacy and lobbying group is also behind the multi-million dollar advertising campaign to undermine New York Mayor Bill de Blasio’s decision to make New York City’s public schools a high priority compared to the Bloomberg administration’s approach that diverted tens of millions in public resources away from the public schools and to the city’s privately run charter schools. In New York, the Families for Excellent Schools, Inc. campaign pushed to allow privately run charter schools virtually unlimited and free access to public school space.
The group’s New York advertising campaign is designed to help New York Governor Andrew Cuomo. Like Malloy, Cuomo has received more than $100,000 in campaign donations from charter-school supporters in recent months.
Families for Excellent Schools, Inc. was formed by corporate education reform industry allies in 2011 and has recently expanded into Connecticut. Four of the organization’s five founding board members are Wall Street hedge fund executives. The group also shares space in New York City with the New York chapter of Michelle Rhee’s StudentsFirst, Inc.
As one would expect, the corporate education reform industry has been dumping millions of dollars into Families for Excellent Schools, Inc.
Among its biggest donors is the Walton Family Foundation (the Wal-Mart Family’s Foundation) which has given the charter school group more than $700,000 in start-up funds. The organization has also received at least $200,000 from the Eli Broad Foundation during that same period.
Here in Connecticut, the Wal-Mart Political Action Committee gave Governor Malloy’s political operation a check for $5,000 and Los Angeles billionaire Eli Broad chipped in another $8,000 for Malloy.
One of the other foundations that have given Families for Excellent Schools, Inc. is none other than the Ray Dalio Family Foundation.
As Forbes Magazine explains, Ray Dalio is the “king of the rich hedge fund industry.” Forbes adds that Dalio, “lords over the world’s biggest hedge fund firm, Bridgewater Associates, with about $150 billion in assets.”
Ray Dalio is the individual who was paid $2.3 billion last year.
Ray Dalio’s Bridgewater Associates is the company that Governor Dan Malloy rewarded with more than $120 million in Connecticut taxpayer funded tax breaks in return for moving Bridgewater’s “world headquarters” from Westport to Stamford.
In addition to giving money to the charter school advocacy group now running advertisements in Connecticut, Dalio’s foundation is also a major donor to Teach for America.
For public school teachers, parents and advocates it is becoming even clear is that with the 2014 gubernatorial election less than seven months away, Dannel “Dan” Malloy is using every opportunity to show his unending support for expanding charter schools at the expense of Connecticut’s public schools.
You can also read more about this story at CT Mirror: http://ctmirror.org/up-next-charter-group-that-battled-nyc-mayor-comes-to-ct/