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

Innovative Financing for Sustainable Scale #glrweek 1

A F O C U S O N Financing Approaches For Local and State Early Childhood Systems June 14, 2017 Frank Farrow, Director Center for the Study of Social Policy

Alameda County’s Coordinated Community-Based Approach Services and Systems Results Cities and County • Developmental Milestones for All Young • Treatment- Early Care & Education • Children High Risk Health and Public Health • Kindergarten Readiness • Children’s Hospital • Home Visiting • 3rd Grade Success • CCS School Districts (K-3) • • Safety: Prevention of Abuse and Neglect • Mental Health /Special Ed • Special Ed • Community-Based Organizations • Developmental Services • Social Services • Child Welfare • Legal Services • Regional Center • DULCE • Early Intervention-At Risk Help Me Grow Community Supports • • Phone Line Home Visiting • • Family Navigation Therapeutic Playgroups • • Assessments Promotion / Prevention – All Families • Neighborhood Initiatives • K-3 Education • Prenatal Care/Pediatric Care • Community Supports (Parks & Recs, • Parenting Support/Parent Cafes Playgroups, etc.) • Developmental and SE Screening • Nutrition and WIC • Quality Child Care Infrastructure Social Workforce Strengthening Influencing Results Based Evaluation and Marketing Development Families Policy Accountability Data Tracking Governance 2

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 4

CSSP’s Early Childhood Financing Collaborative 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 • Establish a • Highlight innovations • Combine “strong collaborative and generate defense” and process to build and lessons across a “proactive offense” sustain effective broad set of sectors, with respect to financing services and changing policy and supports budget climate 5

capitalizing on early literacy Prin rinted 6/22 /22/2016

Failing Failing Our Future Our Future • Low income children not rd Grade Kinder Kindergarte garten n reading proficiently by 3 rd 3 rd Grade Reading Proficie Reading Prof iciency ncy Readine Readiness ss grade are 13x more likely (Cincinnati Public Schools, 2013-14) (Cincinnati Average, 2013-14) to drop out of high school • Cincinnati leads the country in child poverty with 53% of children born into poverty Black White Black White

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 Six TM 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 ook 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

Deal Deal 1: B 1: Book ook Distribution Distribution Partnership Structure Imagination Library • Book distribution program • Children ages 0-5 • Builds libraries of 60+ books by Kindergarten  Sourced Deal Reach Out and Read  Due Diligence • Nationwide pediatric provider program + Innovation • Stresses importance of reading • Provides reading supports + 1 book per visit  Exit Strategy Cincinnati Public Schools • Better access to families regarding enrollment, immunizations and school start dates • Reduced need for reading specialists • More accurate staffing plans

Deal Deal 1: B 1: Book ook 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 Leadership Leadership Support Support Lee Carter StrivePartnership Carol Ann & Ralph V. Haile, Jr. / U.S. Bank Foundation Tom DeWitt United Way of Greater Cincinnati Lazarus Fund of the Greater Heidi Jark Cincinnati Foundation Lewis & Clark Co. Ellen Katz Thomas J. Emery Memorial KnowledgeWorks Ross Meyer United Way of Leslie Maloney Greater Cincinnati John Pepper Duke Energy Foundation Rob Reifsnyder Fifth Third Bank (Jacob G. Schmidlapp Trust) Casey Ruschman Steve Shifman $3.9 $3.9 million million Shiloh Turner raised raised to to date date James Zimmerman