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Presentation to Ed Partnership Committee October 21, 2019 1
Presentation to Ed Partnership Committee
October 21, 2019
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Oakland Promise appreciates the opportunity to give a fiscal and programmatic update to the Education Partnership Committee on the following topics:
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1. Review Oakland Promise organizational structure and governance,
historically and post-merger (July 2019)
2. Program Review: Pre-OP vs. Post Impacts to date
3. Review of K2C Early College Scholarships: how allocation is structured
4. Share budget and City & OUSD funding of Oakland Promise (as of FY
2020)
Presentation Objectives: June 2019 Follow-Up Items
Launched as a Public-Private Partnership
Oakland Promise at present is an independent 501c3 nonprofit organization that works in partnership with Oakland Unified School District and the City of Oakland to achieve collective impact for Oakland’s kids.
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Jointly-held
Work
ORG STRUCTURE
The Initiative Phase2016 to July 2019
The Organization TodayJuly 1, 2019 going forward
Leadership Council
OP Governance Structure: Initiative to Organization
ORG STRUCTURE
History of Oakland Promise
Oakland Promise launches as a public-private
partnership between the City of Oakland, Oakland Unified
School District, East Bay College Fund, Oakland Public
Education Fund, and engaging many other community-based
organizations.
Oakland Public Education Fund operates as a fiscal sponsor for
Oakland Promise. East Bay College Fund operates as
the lead agency for college scholarships and completion.
OUSD, EBCF, and OP jointly lead Future Centers work.
CEO Mia Bonta is hired to lead new organization,
overseen by governing board. Oakland Promise and EBCF merge, using former EBCF nonprofit tax status and a
joint board of directors
2003 January 2016 Jan 2016 - June 2019
East Bay College Fund is founded by Barb and Andy
Fremder in partnership with a founding board to support resilient, first generation
college students with scholarships, mentors, and
persistence services.
July 1st, 2019
5ORG STRUCTURE
Our Vision
We as a community will ensure every child in Oakland graduates from high school with the expectations, resources, and skills to access a higher education and be successful in the career of their choice.
We’ve only just begun…
Cradle-to-Career:
families supported with college savings accounts 850+students awarded with early college scholarships14,500of first graduating class persisted in college93%
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PROGRAM
Kindergarten to College
52 elementary schoolsimplementing K2C
9,500 studentsawarded an early college scholarship
423 K2C familiesopened a K2C college savings account
2018-19 School Year Oakland PromiseImpact
College Scholarships and
Completion
1,400 OP studentsattend post-secondary schools with scholarships & persistence supports
$10 million in cumulative multi-year scholarships awarded
93% first-to-second year persistence rates for class of 2016
✔ 3,000 college savings accounts opened for kids aged 0-10
✔ 5,000 K-5 students awarded early college scholarships
✔ 10,000 high school students receiving college access support
✔ 1,000 Oakland students graduating from college annually
Brilliant Baby
465 Babies have a $500 College Savings Account
280 Familiesparticipate in Financial Coaching
92% of Brilliant Baby parents believe their child is college-bound
College Access
6 Future Center schools serving 3,700 students
80% of OP FC seniors apply to at least one post-secondary school
91% of OP FC seniors completed FAFSA and Dream Act Application forms.
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2025 AnnualImpact at Scale
PROGRAM
Kindergarten to College
61 elementary schools and 1 middle schoolimplementing K2C
15,000 studentsawarded an early college scholarship
950 K2C familiesopened a K2C college savings account
2019-20 Year Oakland PromiseGoals
College Scholarships and
Completion
1,800 OP studentsattend post-secondary schools with scholarships & persistence supports
$12.5 million in cumulative multi-year scholarships awarded
90% first-to-second year persistence rates for class of 2018
✔ 3,000 college savings accounts opened for kids aged 0-10
✔ 5,000 K-5 students awarded early college scholarships
✔ 10,000 high school students receiving college access support
✔ 1,000 Oakland students graduating from college annually
2025 AnnualImpact at Scale
Brilliant Baby
900 Babies have a $500 College Savings Account
450 Familiesparticipate in Financial Coaching
100% of Brilliant Baby parents believe their child is college-bound
College Access
At least 3 Future Center schoolsserving at least 3,700 students
90% of OP FC seniors apply to at least one post-secondary school
90% of OP FC seniors complete FAFSA and Dream Act Application forms.
8PROGRAM
Oakland Promise Scholar Support by Program
College Scholarships and CompletionBrilliant Baby College Access
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Kindergarten to College
Support at every stage of a child’s development
Financial Support
Oakland Promise Program Support
Leveraged potential
$500 college savings account
EARN Savings Program support with match and
bonus
$100 K2C Early College Scholarship
School-based advising; college
matching; FCs
Multi-year scholarships
$1,000/yr (4 yrs)
Incentivized financial coaching
Support in building college-going mindset, opening family-owned
college savings accounts, with savings incentives
Mentorship, retreats and counseling
Utilizing OP partnerships with over
30 colleges and universities
Completing FAFSA, Dream Act Application, and other scholarships
Additional Philanthropic contributions to Early College Scholarship
Interest gained from family-owned college savings accounts
PROGRAM
Kindergarten to CollegeApproximately 5,000 students start kindergarten in Oakland public schools each year. Our vision is to serve every kindergartener in Oakland public schools.
Program Overview
Early College Scholarships1
Family Financial Literacy + College Savings Accounts2
College-Going Culture at Schools + High School Readiness
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10K2C
K2C: Flow of Funding from the City to Oakland to Students
Getting funding directly to students (example based on 2019-2021 Budget Allocation)
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City of Oakland
The City of Oakland Contributes $500,000 per year for 2 years to the Oakland Promise (2019-2021 budget).
Oakland Promise
Total $1,000,000 contribution is put into the Oakland Promise’s Early College Scholarship Fund. $100 is encumbered for each kindergarten student (10,000 total students).
Investment
Funds are invested for up to 12 years or until a student graduates. Funds for each student’s Oakland Scholar Fund are tracked in partnership with OUSD.
Graduating Students
Upon graduation, accumulated scholarship funds are disbursed to each student for the sole purpose of funding postsecondary education.
K2C
K2C Website Portal to access info on Early College Scholarship FundsGetting funding directly to students (example based on 2019-2021 Budget Allocation)
12K2C
City and OUSD: Investing in students together
13FINANCE/BUDGET
Total Financial Support in the form of Programmatic Support from OUSD: $1.8M
Total Financial Support in the form of Direct Contributions to Children & Families from City of Oakland: $1.15M
Programmatic Investment & Direct to Kids/Families
Budget and Financial UpdateOakland Promise Fiscal Year 2020 Percentage Composition of Cost by Program
14FINANCE/BUDGET
Amount Percentage
Brilliant Baby 1,971,039 16%
K2C 1,536,435 12%
College Access 763,673 6%
College Completion 4,391,331 35%
Data 496,724 4%
General and Administrative 1,337,697 11%
Development 650,852 5%
Operating Reserve 1,331,540 11%
Total 12,479,291
Budget and Financial Update
Chart 1. Oakland Promise Fiscal Year 2020 Budgeted Revenue and Budgeted Expenditures. Over 70% of our funds are either directly disbursed to Oakland kids and families, or on programming in direct service of kids and families. Around 15% is spent on General and Administration.
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Budget and Financial UpdateOakland Promise Fiscal Year 2020 Percentage Composition of Cost by Program
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530 62 15,00060%
Oakland Promise: Impact to Date
Brilliant Baby College savings
accounts opened
Brilliant Baby families participating in
financial coaching
Elementary and Middle Schools participating in Kindergarten to College
Oakland elementary school students with a $100
college scholarship fund
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430 1,400 93%2,771Family owned
College savings accounts opened
through K2C
High school students receiving targeted college and career readiness supports
Students receiving OP scholarships and
persistence supports
OP Scholars from year 1 who enroll in year 2 of
college
PROGRAM DETAIL
Oakland Promise Evaluation Framework
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FAFSA / Dream Act Application Rates (California Student Aid Commission)
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FAFSA/Dream Act Application Rates
2014-15 2015-16 2016-17 2017-18
OP High Schools 81% 86% 90% 91%
Non-OP High Schools 70% 79% 73% 75%
Oakland High 64%Pre-OP
78%OP Starts
88% 93%
Castlemont 82%Pre-OP
74%Pre-OP
92%OP Starts
83%
CCPA 80%Pre-OP
96%OP Starts
97% 95%
PROGRAM DETAIL
External Evaluation ResultsFor three years in a row, FAFSA / Dream application completion among students in Oakland Promise high schools were significantly higher compared to their peers at non-OP high schools. (Data source: California Student Aid Commission)
20PROGRAM DETAIL
External Evaluation ResultsStudents from OP high schools reported applying to college at higher rates than students at non-OP high schools. (Data source: Senior Survey 2018)
21PROGRAM DETAIL
External Evaluation Results
Enrollment in 4-year college for African American students at OP schools enroll at higher numbers, and increasing enrollment at higher rates than students at comparable non-OP high schools. (Data source: National Student Clearinghouse, class of 2017)
22PROGRAM DETAIL
External Evaluation Results
Enrollment in 4-year college among students at OP schools is trending up, with clear increases, especially among African American students in each school during the first year of OP. (Data source: National Student Clearinghouse)
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Enrollment in 4-Year College
PROGRAM DETAIL
