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        <Description1>HUMAN CAPITAL - NEWARK CHARTER SCHOOLS STRIVE TO RECRUIT AND RETAIN OUTSTANDING TEACHERS. THE FUND SUPPORTS INNOVATIVE APPROACHES TO HELP NEWARK CHARTER SCHOOLS SUCCESSFULLY RECRUIT, PLACE, DEVELOP, AND RETAIN HIGH-QUALITY TEACHERS</Description1>
        <Expenses1>649000</Expenses1>
        <Description2>AID TO MATURE SCHOOLS - TO STRENGTHEN AND SUSTAIN CHARTER SCHOOLS THAT DELIVER OUTSTANDING ACADEMIC RESULTS FOR NEWARK'S STUDENTS. TO SUPPORT THE EXISTING SCHOOLS, THE FUND MAKES TARGETED GRANTS IN RESPONSE TO THEIR VARYING NEEDS. THE FUND IS MOST INTERESTED IN INCREASING THE CAPACITY OF CHARTER SCHOOLS' TEACHERS, LEADERSHIP TEAMS AND BOARDS, AND IN SUPPORTING THEIR CORE TEACHING AND LEARNING PROGRAMS TO ENSURE THAT FUNDS WILL HAVE THE HIGHEST STUDENT IMPACT.</Description2>
        <Expenses2>355000</Expenses2>
        <Description3>NEW SCHOOLS DEVELOPMENT- THE FUND SUPPORTS PROMISING, START-UP CHARTER SCHOOLS DURING THEIR APPLICATION PHASE, PLANNING YEAR, AND OPENING YEARS. THE FUND WILL ONLY SUPPORT STARTUP CHARTER SCHOOL LEADERSHIP TEAMS AND PLANS THAT SHOW CLEAR EVIDENCE OF A RIGOROUS ACADEMIC PROGRAM DESIGNED TO PREPARE STUDENTS FOR COLLEGE AND WORK.</Description3>
        <Expenses3>743222</Expenses3>
        <Description4>ADVOCACY - FOCUSES ON PARTNERING WITH ORGANIZATIONS THAT PROVIDE DATA, ANALYSIS, AND INFORMATION ABOUT BEST PRACTICES THAT CAN INFORM THE EDUCATION REFORM MOVEMENT. IN CONJUNCTION WITH THESE PARTNERS, NCSF ADVOCATES FOR HIGH QUALITY SCHOOL OPTIONS FOR ALL NEWARK STUDENTS AND WORKS TO ENSURE THAT POLICY DECISIONS ARE BASED ON FACTS AND NATIONAL, STATE, AND LOCAL BEST PRACTICES.</Description4>
        <Expenses4>630675</Expenses4>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>0</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>5037809</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>21508</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>5059317</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>5059317</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>75890</CashDeemedCharitable>
        <NetNoncharitableAssets>4983427</NetNoncharitableAssets>
        <MinimumInvestmentReturn>249171</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <Sect4942j3j5FndtnAndFrgnOrg>X</Sect4942j3j5FndtnAndFrgnOrg>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>4478453</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>4478453</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>4478453</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <PrivateOperatingFoundations>
        <DateOfRuling>2008-03-06</DateOfRuling>
        <Section4942j3>X</Section4942j3>
        <LessorAdjNetIncmMinInvstReturn>
          <CurrentYear>6647</CurrentYear>
          <Year1>7854</Year1>
          <Year2>7550</Year2>
          <Year3>7405</Year3>
          <Total>29456</Total>
        </LessorAdjNetIncmMinInvstReturn>
        <Percent85OfLessor>
          <CurrentYear>5650</CurrentYear>
          <Year1>6676</Year1>
          <Year2>6418</Year2>
          <Year3>6294</Year3>
          <Total>25038</Total>
        </Percent85OfLessor>
        <QualifyingDistributions>
          <CurrentYear>4478453</CurrentYear>
          <Year1>4416927</Year1>
          <Year2>4961622</Year2>
          <Year3>1721589</Year3>
          <Total>15578591</Total>
        </QualifyingDistributions>
        <QlfyDistriNotUsedDirectly>
          <CurrentYear>0</CurrentYear>
          <Year1>0</Year1>
          <Year2>0</Year2>
          <Year3>0</Year3>
          <Total>0</Total>
        </QlfyDistriNotUsedDirectly>
        <QlfyDistriMadeDirectly>
          <CurrentYear>4478453</CurrentYear>
          <Year1>4416927</Year1>
          <Year2>4961622</Year2>
          <Year3>1721589</Year3>
          <Total>15578591</Total>
        </QlfyDistriMadeDirectly>
        <TotalAssets>
          <Total>0</Total>
        </TotalAssets>
        <TotalAssetsSect4942j3Bi>
          <Total>0</Total>
        </TotalAssetsSect4942j3Bi>
        <TwoThirdsMinInvstReturn>
          <CurrentYear>166114</CurrentYear>
          <Year1>97669</Year1>
          <Year2>65861</Year2>
          <Year3>22331</Year3>
          <Total>351975</Total>
        </TwoThirdsMinInvstReturn>
        <TotalSupport>
          <Total>0</Total>
        </TotalSupport>
        <PublicSupport>
          <Total>0</Total>
        </PublicSupport>
        <LargestSupportFromEO>
          <Total>0</Total>
        </LargestSupportFromEO>
        <GrossInvestmentIncome>
          <Total>0</Total>
        </GrossInvestmentIncome>
      </PrivateOperatingFoundations>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ACHIEVEMENT NET</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>225 FRIEND STREET STE 704</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02114</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT CURRICULUM AND INSTRUCTION BASED ON FORMATIVE ASSESSMENTS IN NEWARK'S CHARTER SCHOOLS</PurposeOfGrantOrContribution>
          <Amount>120000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ACHIEVEMENT NET</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>225 FRIEND STREET STE 704</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02114</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT CURRICULUM AND INSTRUCTION BASED ON FORMATIVE ASSESSMENTS IN NEWARK'S CHARTER SCHOOLS</PurposeOfGrantOrContribution>
          <Amount>165000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ADELAIDE SANFORD CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>53 LINCOLN PARK</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>HIRE A FULL TIME DIRECTOR OF CURRCULUM &amp; INSTRUCTION FOR 2010-2011</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>COMMUNITY FOUNDATION OF NJ</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>35 KNOX HILL ROAD</AddressLine1>
            <City>MORRISTOWN</City>
            <State>NJ</State>
            <ZIPCode>07960</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT SHARED CAMPUS INITIATIVE BETWEEN NPS AND CHARTER SCHOOLS FOR 2011-12</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DISCOVERY CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>303 WASHINGTON STREET</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>COSTS FOR RECRUITMENT, SALARY AND ADMIN OF TEACHER ASSISTANT PROGRAM FOR ACADEMIC YEAR 2010-2011</PurposeOfGrantOrContribution>
          <Amount>30000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EDUCATION REFORM NOW</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>928 BROADWAY STE 505</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10010</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>ONE YEAR GRANT FOR ADVOCACY FOR ACADEMIC YEAR 2011-2012</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EDUCATION REFORM NOW</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>928 BROADWAY STE 505</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10010</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>ONE YEAR GRANT FOR ADVOCACY FOR ACADEMIC YEAR 2010-2011</PurposeOfGrantOrContribution>
          <Amount>135000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF TEAM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>85 CUSTER AVE</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07112</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>PARENT OUTREACH, COMMUNICATIONS &amp; CAPACITY BUILDING</PurposeOfGrantOrContribution>
          <Amount>120000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GREAT OAKS CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>28 BURNET STREET</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>START UP GRANT FOR 2011-12 ($142,500 PLUS $7,500 TOWARDS BOARD TRAINING)</PurposeOfGrantOrContribution>
          <Amount>142500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NACSA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>105 W ADAMS STREET SUITE 3500</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60603</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT &amp; BUILD CAPACITY IN THE NJ DOE CHARTER SCHOOL OFFICE</PurposeOfGrantOrContribution>
          <Amount>89025</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NACSA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>105 W ADAMS STREET SUITE 3500</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60603</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT &amp; BUILD CAPACITY IN THE NJ DOE CHARTER SCHOOL OFFICE</PurposeOfGrantOrContribution>
          <Amount>106650</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW LEADERS FOR NEW SCHOOLS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>30 WEST 26TH ST 2ND FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10010</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>BUILD PIPELINE OF HIGH-QUALITY LEADERS FOR NEWARK'S CHARTER SECTOR</PurposeOfGrantOrContribution>
          <Amount>180000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NJ CHARTER SCHOOLS ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1 AAA DRIVE SUITE 201</AddressLine1>
            <City>HAMILTON</City>
            <State>NJ</State>
            <ZIPCode>08691</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>GENERAL OPERATIONS SUPPORT</PurposeOfGrantOrContribution>
          <Amount>80000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PEOPLE'S PREP CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>321 BERGEN STREET 2ND FLOOR</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>START UP GRANT FOR 2011-12 ($142,500 PLUS $7,500 TOWARDS BOARD TRAINING)</PurposeOfGrantOrContribution>
          <Amount>142500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROBERT TREAT ACADEMY CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>443 CLIFTON AVENUE</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07104</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT FOR THE LAUNCH AND EXPANSION OF ROBERT TREAT ACADEMY - CENTRAL</PurposeOfGrantOrContribution>
          <Amount>105722</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROSEVILLE COMMUNITY CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>540 ORANGE STREET</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07107</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>START UP GRANT FOR 2011-12 ($142,500 PLUS $7,500 TOWARDS BOARD TRAINING)</PurposeOfGrantOrContribution>
          <Amount>142500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TEACH FOR AMERICA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>60 PARK PLACE</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>PLACE AND SUPPORT UP TO 42 TEACHERS IN NEWARK'S CHARTER SECTOR</PurposeOfGrantOrContribution>
          <Amount>415000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TEACHER U (UNCOMMON KNOWLEDGE)</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>99 UNIVERSITY PLACE 7TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10003</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>PLANNING WORK FOR NEWARK-BASED ALTERNATE CERTIFICATION PROGRAM</PurposeOfGrantOrContribution>
          <Amount>54000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY HEIGHTS CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>74 HARTFORD STREET</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07103</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT FOR THE MIDDLE SCHOOL EXPANSION OF UHCS</PurposeOfGrantOrContribution>
          <Amount>180000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VISIONS ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>88 SHIPMAN ST</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUBSIDY FOR INSTRUCTION AND CURRICULUM SUPPORT TO AUGMENT SCHOOL LEADERSHIP TEAM</PurposeOfGrantOrContribution>
          <Amount>30000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>2377897</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>6647</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>6647</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>6647</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
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        <ContributorNameIndividual>BILL AND MELINDA GATES FOUNDATION</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>PO BOX 23350</AddressLine1>
          <City>SEATTLE</City>
          <State>WA</State>
          <ZIPCode>98102</ZIPCode>
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        <PersonContributionType>X</PersonContributionType>
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      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>DORIS AND DONALD FISHER FUND</ContributorNameIndividual>
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          <AddressLine1>1 MARITIME PLAZA SUITE 1550</AddressLine1>
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          <State>CA</State>
          <ZIPCode>94111</ZIPCode>
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        <PersonContributionType>X</PersonContributionType>
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      <ContributorInfo>
        <ContributorNumber>3</ContributorNumber>
        <ContributorNameIndividual>LAURENE POWELL JOBS</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>101 YGNACIO VALLEY ROAD SUITE 310</AddressLine1>
          <City>WALNUT CREEK</City>
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        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>851713</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>