The

WALTON FAMILY

P.O. Box 2030

I

Bentonville

I

AR 72712-2030

FOUNDATION

June 17, 2013
Matt Kramer
Co-CEO
Teach for America
315 West 36th Street, 7th Floor
New York, NY 10018
Re:

Grant #2013-391

Dear Mr. Kramer,
It is my pleasure to inform you that The Walton Family Foundation, Inc.("WFF"-the "Foundation") has
approved a two-year grant of up to $20,664,00000 to Teach for America("TFA"the "Grantee"). This
grant is subject to the following terms and conditions:
1.
Purpose: The purpose ofthe grant is to support corps members(CMs)in nine targeted WFF
communities: DC, Denver, Detroit, Indiapolis, Los Angeles, Memphis, Milwaukee, New Orleans;and
Newark.
Through this grant, TFA will:
1) Supply effective teachers for traditional district and public charter schools in low-income
communities in investment sites; and
2) Generate a longer-term leadership pipeline that advances the education movement, providing
a source of talent for policy, advocacy and politics, as well as quality schools and new
entrepreneurial ventures.
This grant supports each TFA region based on actual CM placements: $6,000 per CM per year in public.
charter schools; and $4,000 per CM per year in traditional school districts.
This grant is more fully described in Grantee's proposal dated February 27, 2013. Grantee agrees to use
all grant funds exclusively for the grant's purposes. Any changes in these purposes must be authorized in
advance by the Foundation in writing.
2.

Amount: Up to Twenty Million Six Hundred Sixty Four Thousand Dollars($20,664,000.00.)
Year One November 15, 2013
up to. $8,902,000.00
Year Two November 15, 2014
up to $11,762,000.00

3.
Payable: Initial payment of up to $8,902,000.00 shall be payable November 15, 2013,subject to
receipt of a copy of this letter from Grantee acknowledging the terms and conditions set forth herein, as
well as documentation from TFA showing the number of CMs placed in each region.
The second installment of up to $11,762,000.00 shall be payable contingent upon the Foundation's
approval of the Grantee's activities as evidenced by the reports described in paragraph 5)below and other
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www.waltonfamilyroundation.org

REL 000711

 information the Foundation may gather, as well as documentation from TFA showing the number of CMs
placed in each region.
1-4,,te

•

v

Colorado
Dt
Detroit
Indianapolis
Los Angeles
Memphis .
Milwaukee
New Orleans
Newark
Total

$790,000
$786,000
$750,000
$870,000
$1,924,000
$822,000
$568,000
$1,492,000
$900,000
$0,902,000

$664,000
$650,000
$1,930,000
$1,124,000
$2,136,000
$1,892,000
. $816,000
$1,522,000
$1,028,000
$1.1,762,000

4.
Accounting: (a) The Foundation encourages, whenever feasible, the deposit of grant funds in
an interest-bearing account. For purposes ofthis letter, the term "grant funds" includes the grant and any
income earned thereon.
(b) Grantee will maintain records of receipts and expenditures made in connection with the
grant funds and will keep these records during the period covered by the Grantee's reporting obligations
specified in paragraph 5 and for at least four years thereafter("Maintenance Period"). Grantee will make
its books and records in connection with the grant funds available for inspection by the Foundation during
normal business hours as the Foundation may request at any time during the Maintenance Period.
5.
Reporting and Evaluation: Grantee will submit interim financial and narrative reports by
October 30,2013 and October 30,2014. Grantee will submit a final financial and narrative report by May
31, 2015. The Foundation will provide a customized financial reporting template at least six weeks prior
to the report deadline. Grantee will also provide the Foundation with its latest financial statements and
audits.
Grantee will provide a Performance Measures report with each financial and narrative report. Foundation
staff will evaluate the effectiveness of Grantee's performance through internal review of progress made
against the performance measures covered in Appendix 1. The Foundation will provide a customized
performance-measure template at least six weeks prior to the report deadline.
All reports will be sent electronically to EdReform@wffmail.com. Please reference Grant # 2013-391 on
all reports submitted.
Grantee payments are always contingent upon the Foundation's approval of Grantee's operations based
on the above reports and the Foundation's satisfaction with such information as it chooses to obtain from
other sources.
6.

Representations: Grantee represents and warrants to the Foundation that:
(a)
Grantee is an organization in good standing, is either an organization described in section
501(c)(3)ofthe Internal Revenue Code("Code")or a governmental unit, and is not a "private
foundation" described in section 509(a) of the Code. Grantee will promptly notify the Foundation of any
change in Grantee's tax status under the Code.

REL 000712

 (b)

In no event will Grantee use any grant funds:

(i)

to carry on propaganda, or otherwise to attempt, to influence legislation;

(ii)
to influence the outcome of any specific public election or to carry on, directly or
indirectly, any voter registration drive; or
(iii) to undertake any activity other than for a charitable, educational or other exempt
purpose specified in section 170(c)(2)(B) of the Code.

(c)

Grantee will comply with all applicable laws and regulations.

7.
Repayment: The Foundation may discontinue any further payments to Grantee, and may direct
Grantee to repay any unexpended grant funds to the Foundation, if any ofthe following events occurs:
(i)

Grantee ceases to maintain its tax-exempt status as described in paragraph 6(a)

(ii)

Grantee fails to comply with the terms ofthis letter; or

above;

(iii) There is a material change in Grantee's key personnel that in the sole opinion of the
Foundation adversely affects Grantee's management of the grant.
8.
Release and Indemnity: Unless prohibited by law, Grantee shall release, indemnify, defend and
hold harmless the Foundation and its directors, officers, employees and agents from and against any and
all claims, actions, suits, demands, damages, losses, expenses and liabilities, arising out of or related in
any way to the actions or omissions of Grantee (or its directors, officers, employees, agents or
contractors)in connection with the Grant and the project funded by the Grant, except to the extent caused
by the Foundation's(or its directors, officers, employees or agents') negligent actions or omissions.
Grantee further agrees to carry insurance in such forms and amounts as are commercially reasonable and
appropriate to cover Grantee's operations and to enable Grantee to indemnify and defend the Foundation
as provided hereunder.
Grant Publicity: Grant publicity related to this grant consistent with Grantee's normal practice is
9.
permitted, subject to the following provisions. The Foundation expects any announcements and other
publicity to focus on Grantee's Work and the project or issue funded by the grant. Recognition of the
Foundation's role in funding the project is permitted, provided that the timing, content and strategic focus
of such publicity should be approved by the Foundation by sending a request to:
EdReform@vvffmail.com. Please reference Grant #2013-391. Publicizing the grant and the Foundation in
Grantee's publications and communications in a manner consistent with similar grants obtained by
Grantee is permitted.
The Foundation may ask Grantee to provide illustrations, photographs, videos, recordings,
information or other materials related to the grant (collectively "Grant Work Product")for use in
Foundation communications including the Foundation's website, annual report, newsletters, board
materials, presentations, communications and other publications. Grantee agrees to provide the
Foundation with such items upon the Foundation's reasonable request and hereby grants to the
Foundation and anyone acting under the authority ofthe Foundation a fully paid-up, world-wide, right

REL 000713

 and license to use, reproduce, display and distribute the Grant Work Product in connection with the
Foundation's charitable operations and activities. In connection therewith, Grantee shall be responsible
for obtaining all necessary rights and permissions from third parties for the Foundation to use the Grant
Work Product for these purposes. By signing this Agreement, Grantee also acknowledges and agrees to
use by the Foundation of historical, programmatic and other information relating to Grantee and the grant
hereunder.
10.
Gratuities: The Foundation desires that all of Grantee's resources be dedicated to accomplishing
its philanthropic purposes. Therefore, Grantee agrees that it will not furnish the Foundation or its Board
of Directors, officers, staff or affiliates with any membership,commemorative items, recognition plaques
or gratuities or benefits ofany kind.
11.
Contact: If you need to contact the Foundation about your grant, please email
EdReform@wffmail.com. Please reference Grant #2013-391 in your communication.
We have enclosed two original grant letters. Please sign one copy as Grantee's acknowledgment of the
terms and conditions herein stated and return it to me in the enclosed self addressed envelope. If the
signed acknowledgment of this letter is not received in the Foundation's office by July 15, 2013, the
Foundation will consider the Grantee to have declined the grant.
On behalf of the Foundation,I extend every good wish for the success of your organization's endeavors.
Since

ddy Philpot
Executive Director

ACKNOWLEDGED AND AGREED

/5
att Kramer
each for America

(Date)

REL 000714

 Appendix 1: Teach For America Grant Goals
The table below summarizes a common set of metrics across regions. Please note that "percentage benchmark
achieved," a measure of CM impact, represents CMs' student academic outcomes relative to the performance of
a teacher at the 75th percentile within a region. Fundraising goals may exceed or fall short of the budget
indicated in Section 1, because some regions seek funds for an operating reserve or are subsidized by TPA
National depending on the region's stage of development. TFA will also report on CM diversity, retention in
education, and corps culture, but these will not be tracked as performance measures.
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68
87
88
Public Charter Placements
.. . -• ...,
Placemenis,
64
92
67
• •.:k:,:i. ,. Traditional District Placements
102%
102%
.
101%
% Benchmark Achieved (1st years)
'CM IMpect::
108%
106%
105%
% Benchmark Achieved (2nd years)

*Inn'
Fundraising
.

Total # Local Alumni

580

900

1100

Total # of School Leaders(# of new principals)
Leadership for Educational Equity members:%
alumni
Fundraising Goal

23

34 (14)

40(10)

55%

60%

60%

$10,248,750

$10,746,250

$12,128,750

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.

iPlacements :
..
CM Impact .
•
...„.
''._
•
"Aturririi
•
:.
-—
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l'100-1#114k.

Public Charter Placements

88

65

55

Traditional District Placements

120

99

80
75%

% Benchmark Achieved (1st years)

70%

72%

% Benchmark Achieved (2nd years)
Total # Local Alumni

85%

87%

88%

1870

2160

2400

Total # of School Leaders(# of new principals)
Leadership for Educational Equity members: c/o
alumni
Fundraising Goal

38(6)

44(10)

47(8)

53%

55%

TBD

$5,500,000

$8,200,000

$9,000,000

125
0

165
235
88%

;
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96
Public Charter Placements
.".:PleCerrkini•::
197
Traditional District Placements
• ..,,
86%
/0 Benchmark Achieved (1st years)
:. ; : , • %
• ,CM InfpaOt.'.. '.
92%
••-•!,•;--. , •,...•:.
.. . • % Benchmark Achieved (2nd years)
400
Total # Local Alumni
.'N'''

Total # of School Leaders(# of new principals)
•
Leadership for Educational Equity members: %
•
alumni
FundraiSing .' Fundraising Goal
Alumni

87%
93%
470

94%
555

13(10)

13(10)

18 (5)

50%

50%

60%

$5,500,000

$10,400,000

$11,057,000

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152
112
145
Public Charter Placements
Placements,...,
• •-• ...,,,,,,;;! Traditional District Placements
53
34
0
.r

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,Pollii)

Alumni .;

•

Fundraising

% Benchmark Achieved (1st years)
% Benchmark Achieved (2nd years)
Total # Local Alumni
Total # of School Leaders (# of new principals)
Leadership for Educational Equity members: %
alumni
Fundraising Goal

96
104

97

98

105

106

305

13 (5)

21(9)

360
30 (10)

70%

80%

80%

$2,264,000

$5,557,950

$7,267,500

. 255

REL 000715