Sadly, Governor Andrew Cuomo was unable to give the keynote speech at the fund-raising dinner for Eva Moskowitz’s Success Academy charter chain because he was leading a trade delegation to Cuba, but the charter chain still raised $9.3 million from her supporters in the hedge-fund community.
Education activist Leonie Haimson reports a story that appears behind a paywall at capitalnewyork.com. Be sure the read the report embedded at the end of the story below, about the hedge-fund managers and conservatives who support Success Academy. The report was compiled by the “HedgeClippers,” a group that calls itself “dark money’s newest nightmare.” The report lists the 50 hedge fund managers, spouses, and allies who contribute to Success Academy.
by Jessica Bakeman, Eliza Shapiro and Conor Skelding
SUCCESS ACADEMY’S $9.3 M. NIGHT—Capital’s Eliza Shapiro and Conor Skelding: “The Success Academy charter school network raised $9.3 million at its third annual spring benefit on Monday night, according to an attendee, up from $7.7 million at last year’s benefit. The figure was announced by Dan Loeb, a hedge fund manager who serves as the chairman of Success’ board of directors. The event was held at Cipriani in midtown Manhattan. Congressman Hakeem Jeffries delivered the keynote address at the benefit, in lieu of Governor Andrew Cuomo, who was slated to give the keynote before his trade visit to Cuba was planned for the same day.
“Jeffries, who represents parts of Brooklyn and Queens, is a longtime supporter of charter schools. ‘I stand here because I unequivocally support quality public education and that’s what Eva Moskowitz and Success Academy provide,’ Jeffries said during his speech, according to a quote posted on Success’ Twitter account. ‘It’s easier to raise strong children than it is to repair broken men,’ he also said.
“Television host Katie Couric, Weekly Standard founder William Kristol, California Rep. Kevin McCarthy, Rep. Gregory Meeks of Queens and former Department of Education chancellor Joel Klein also attended the benefit, according to the attendee and Twitter posts. Loeb, philanthropist Eli Broad, and Campbell Brown, the television anchor turned education reformer, spoke. Brown sits on Success’ board of directors. Success’ controversial founder and C.E.O. Eva Moskowitz addressed the crowd, asking audience members to ‘visit our schools and become an ambassador for education reform,’ according to Success’ Twitter feed.” [PRO] http://capi.tl/1E4tvFR
—Meanwhile, “an advocacy group affiliated with the Alliance for Quality Education, a teachers’ union-backed organization, has released a report on the donors and board members of the Success Academy charter school network. The report, released by the group HedgeClippers, details the well-documented support the controversial network has received from hedge fund managers in particular. HedgeClippers describes itself as ‘dark money’s newest nightmare’ and is backed by the Strong Economy for all Coalition, which is, in turn, partially funded by teachers’ unions, including the United Federation of Teachers and New York State United Teachers.
“The report argues that ‘many of Success Academy’s hedge fund board members contribute to political causes that harm the population that Success claims to serve’ by supporting various conservative causes. … Success C.E.O. Eva Moskowitz has responded to criticism about the network’s donors by pointing to the long history of philanthropic giving to education causes, and noting that hedge fund managers also give to organizations that support parks, museums and domestic violence centers.” Capital’s Eliza Shapiro: http://capi.tl/1DEfnBQ