In our third year EEF is seeking out enhanced social rates of return on our investments, or what Economists call “positive externalities.” These are “good things” that happen as a result of our actions but results that we do not see direct financial reward for; just the right place for EEF, a “research-driven, market informed, social investor” to put its money.
The Wallace Foundation’s most recent Research Report “How Principals Affect Students and Schools” concluded that “Principals really matter. Indeed, it is difficult to envision an investment with a higher potential return than a successful effort to improve principal leadership.”
Locally, we have just such an opportunity. The EdD Program in Urban Education Leadership at The University of Illinois at Chicago is nationally recognized for its innovation and quality and has been identified as a “model” by the Illinois Board of Higher Education. In 2022 EEF began providing funding so that students of great potential, but limited personal financial resources, may earn EdD’s in Urban Education Leadership at UIC.
The graduates of this program have had great success. Most of them are Chicago Public Schools Principals. One of them Dr. Janice Jackson went on to become the CEO of Chicago Public Schools.