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Equity Schools
Equity Schools is a Chicago-based benefit corporation focused on solving capital and operational funding problems for schools, businesses, and other organizations. They primarily work with public, private, charter, and independent schools, and are known for using various non-conventional funding methods, or nonlinear project funding. The firm was founded in 2001 by its current president Richard R. Murray Richard R. Murray (born February 3, 1956 in Bay City, Michigan) is the founder of Equity Schools Inc. and has extensive experience in education and real estate. He is most recognized for creating Nonlinear Project Funding, which helps schools with ..., who is most known for his invention of the corporate work study program used by the Cristo Rey Network. History Murray's creation and first use of the nonlinear project funding model was in 1996 when he was approached by Cristo Rey High School in Chicago to help them find a way to fund their new school. The group had few ass ...
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Richard R
Richard is a male given name. It originates, via Old French, from Old Frankish and is a compound of the words descending from Proto-Germanic ''*rīk-'' 'ruler, leader, king' and ''*hardu-'' 'strong, brave, hardy', and it therefore means 'strong in rule'. Nicknames include "Richie", "Dick", "Dickon", " Dickie", "Rich", "Rick", "Rico", "Ricky", and more. Richard is a common English, German and French male name. It's also used in many more languages, particularly Germanic, such as Norwegian, Danish, Swedish, Icelandic, and Dutch, as well as other languages including Irish, Scottish, Welsh and Finnish. Richard is cognate with variants of the name in other European languages, such as the Swedish "Rickard", the Catalan "Ricard" and the Italian "Riccardo", among others (see comprehensive variant list below). People named Richard Multiple people with the same name * Richard Andersen (other) * Richard Anderson (other) * Richard Cartwright (other) * Ri ...
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Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Benefit Corporation
In the United States, a benefit corporation (or in several jurisdictions including Delaware, a public-benefit corporation or PBC) is a type of for-profit corporate entity, authorized by 35 U.S. states and the District of Columbia, that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts. Laws concerning conventional corporations (referred to as "C corporations" by the IRS) typically do not specify the definition of "best interest of the corporation", which has led to the interpretation that increasing shareholder value (profits and/or share price) is the only overarching or compelling interest of a corporation. Benefit corporations may not differ much from traditional C corporations. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit co ...
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Cristo Rey Network
The Cristo Rey Network is a not-for-profit organization founded in 2000 to increase the number of schools modeled after Cristo Rey Jesuit High School in Chicago, which was founded in 1996 to prepare youth from low-income families for post-secondary educational opportunities. Schools within the Network integrate four years of college preparatory academics with continuous professional work experience that pays most of the cost of a student's education. The Network is compiled of 38 high schools delivering a career focused, college preparatory education in the Catholic tradition for students with limited economic resources, uniquely integrating rigorous academic curricula with four years of professional work experience and support to and through college. Cristo Rey partners with educators, businesses and communities to enable students to fulfill their aspirations for a lifetime of success: students are three times more likely to complete a bachelor's degree by age 24, compared to th ...
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Cristo Rey Jesuit High School (Chicago)
Cristo Rey Jesuit High School is a Jesuit high school on the near Lower West Side of Chicago, Illinois. It is the founding school of the Cristo Rey Network and is affiliated with the Roman Catholic Archdiocese of Chicago. Cristo Rey Jesuit High School was established in 1996 and provides college-preparatory education. The school places students at entry-level jobs that cover some of their tuition costs. History The school opened in 1996. In 1998, the school spent $10 million to add a new 3 story building to the campus. Around 2000, the philanthropist Brendan Cassin visited the school. Cassin was so impressed with the school's program for low income students that, within hours of his visit, he committed to donating $22 million to build a network of similar schools. Corporate Work Study Program (CWSP) Richard R. Murray developed the Corporate Work Study Program (CWSP) in 1995 for Cristo Rey Chicago. The work-study program combines employee leasing and job sharing Job sharing o ...
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Job Sharing
Job sharing or work sharing is an employment arrangement where two people, or sometimes more, are retained on a part-time or reduced-time basis to perform a job normally fulfilled by one person working full-time. This leads to a net reduction in per-employee income. The people sharing the job work as a team to complete the job task and are jointly responsible for the job workload. Pay, holidays and working hours are apportioned between the workers. In some countries, systems such as ''pay as you go'' and PAYE help make deductions for national insurance, and superannuations are made as a straightforward percentage. History in the United States The news media began reporting in earnest on job sharing in the 1970s and 1980s. The practice was most often described as a solution tailored for women, as one Associated Press article summarized, "a compromise between fulltime housework and full-time employment". 1970s In 1972 the New Ways to Work Foundation was funded, it is a non-profit ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Education Finance In The United States
Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty. Various researchers emphasize the role of critical thinking in order to distinguish education from indoctrination. Some theorists require that education results in an improvement of the student while others prefer a value-neutral definition of the term. In a slightly different sense, education may also refer, not to the process, but to the product of this process: the mental states and dispositions possessed by educated people. Education originated as the transmission of cultural heritage from one generation to the next. Today, educational goals increasingly encompass new ideas such as the liberation of learners, skills needed for modern society, empathy, and complex vocational skills. Types of education are commonly divided into formal, ...
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