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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>
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        <Description2>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>335000</Expenses2>
        <Description3>NEW SCHOOLS - 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>298000</Expenses3>
        <Description4>ADVOCACY - THE FUND IS COMMITTED TO ONGOING, RIGOROUS EVALUATION OF EVERY CHARTER SCHOOL IN NEWARK TO ENSURE THAT THEY ARE HELPING ALL STUDENTS SUCCEED ACADEMICALLY, THE FUND FUNDS DATA COLLECTION AND PROGRAM EVALUATION WORK IN NEWARK'S CHARTER SCHOOL SECTOR. THE FUND IS PARTICULARLY INTERESTED IN CREATING SYSTEMS FOR THE COLLECTION AND WAREHOUSING OF STUDENT-LEVEL DATA THAT WILL ALLOW FOR LONGITUDINAL ANALYSIS OF NEWARK CHARTER SCHOOLS PERFORMANCE OVER MANY YEARS.</Description4>
        <Expenses4>547075</Expenses4>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
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        <AvgMonthlyCashBalances>2951519</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>23168</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>2974687</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>2974687</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>44620</CashDeemedCharitable>
        <NetNoncharitableAssets>2930067</NetNoncharitableAssets>
        <MinimumInvestmentReturn>146503</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <Sect4942j3j5FndtnAndFrgnOrg>X</Sect4942j3j5FndtnAndFrgnOrg>
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      <QualifyingDistributions>
        <ExpensesAndContributions>4416927</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>4416927</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>4416927</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <PrivateOperatingFoundations>
        <DateOfRuling>2008-03-06</DateOfRuling>
        <Section4942j3>X</Section4942j3>
        <LessorAdjNetIncmMinInvstReturn>
          <CurrentYear>7854</CurrentYear>
          <Year1>7550</Year1>
          <Year2>7405</Year2>
          <Year3>0</Year3>
          <Total>22809</Total>
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        <Percent85OfLessor>
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          <Year1>6418</Year1>
          <Year2>6294</Year2>
          <Year3>0</Year3>
          <Total>19388</Total>
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        <QualifyingDistributions>
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          <Year1>4961622</Year1>
          <Year2>1721589</Year2>
          <Year3>0</Year3>
          <Total>11100138</Total>
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          <CurrentYear>0</CurrentYear>
          <Year1>0</Year1>
          <Year2>0</Year2>
          <Year3>0</Year3>
          <Total>0</Total>
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        <QlfyDistriMadeDirectly>
          <CurrentYear>4416927</CurrentYear>
          <Year1>4961622</Year1>
          <Year2>1721589</Year2>
          <Year3>0</Year3>
          <Total>11100138</Total>
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        <TotalAssets>
          <Total>0</Total>
        </TotalAssets>
        <TotalAssetsSect4942j3Bi>
          <Total>0</Total>
        </TotalAssetsSect4942j3Bi>
        <TwoThirdsMinInvstReturn>
          <CurrentYear>97669</CurrentYear>
          <Year1>65861</Year1>
          <Year2>22331</Year2>
          <Year3>0</Year3>
          <Total>185861</Total>
        </TwoThirdsMinInvstReturn>
        <TotalSupport>
          <Total>0</Total>
        </TotalSupport>
        <PublicSupport>
          <Total>0</Total>
        </PublicSupport>
        <LargestSupportFromEO>
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        </LargestSupportFromEO>
        <GrossInvestmentIncome>
          <Total>0</Total>
        </GrossInvestmentIncome>
      </PrivateOperatingFoundations>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
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          <RecipientBusinessName>
            <BusinessNameLine1>NEWARK LEGACY CHARTER SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>460 LYONS AVE</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>START UP ACTIVITIES RELATED TO HIRING OF KEY STAFF, RECRUITMENT, MARKETING</PurposeOfGrantOrContribution>
          <Amount>80000</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>CURRICULUM DESIGN ACTIVITIES TO SUPPORT CURRICULUM AND INSTRUCTION</PurposeOfGrantOrContribution>
          <Amount>175000</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>CURRICULUM DESIGN ACTIVITIES TO SUPPORT CURRICULUM AND INSTRUCTION</PurposeOfGrantOrContribution>
          <Amount>120000</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>TO HIRE A FULL TIME DIRECTOR OF CURRCULUM &amp; INSTRUCTION FOR 2010-2011</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EDUCATION PIONEERS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>155 WATER ST 5TH FLOOR</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11201</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>TO ASSIST IN THE DEVELOPMENT OF A PIPELINE FOR DEVELOPING SCHOOL LEADERS.</PurposeOfGrantOrContribution>
          <Amount>82824</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 WORK RELATED TO NEWARK CHARTER SCHOOLS</PurposeOfGrantOrContribution>
          <Amount>90000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF TEAM ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>85 CUSTER AVE</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07112</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>PARENT ORGANIZING, COMMUNICATIONS &amp; CAPACITY BUILDING.</PurposeOfGrantOrContribution>
          <Amount>150000</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>267075</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>TO FUND THE COST TO SELECT, TRAIN AND PAY 2 RESIDENTS TO WORK IN NEWARK</PurposeOfGrantOrContribution>
          <Amount>182023</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RUTGERS UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>57 US HIGHWAY 1</AddressLine1>
            <City>NEW BRUNSWICK</City>
            <State>NJ</State>
            <ZIPCode>08901</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>SUPPORT OF THE NEWARK SCHOOL RESEARCH COLLABORATIVE.</PurposeOfGrantOrContribution>
          <Amount>37500</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>
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          <Amount>345500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE NEW TEACHER PROJECT</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>186 JORALEMON ST STE 300</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11201</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>RECRUITMENT, CERTIFICATION, PLACEMENT, AND SUPPORT OF TEACHER PLACEMENTS</PurposeOfGrantOrContribution>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VISIONS ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>88 SHIPMAN ST</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>START UP ACTIVITIES RELATED TO HIRING OF KEY STAFF, RECRUITMENT, MARKETING</PurposeOfGrantOrContribution>
          <Amount>152000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VISIONS ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
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            <AddressLine1>88 SHIPMAN ST</AddressLine1>
            <City>NEWARK</City>
            <State>NJ</State>
            <ZIPCode>07102</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>START UP ACTIVITIES RELATED TO HIRING OF KEY STAFF, RECRUITMENT, MARKETING</PurposeOfGrantOrContribution>
          <Amount>66000</Amount>
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        <TotGrantOrContriPaidDuringYear>1886947</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
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      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
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        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
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        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
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          <AddressLine1>PO BOX 23350</AddressLine1>
          <City>SEATTLE</City>
          <State>WA</State>
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      <ContributorInfo>
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        <ContributorNameIndividual>DORIS AND DONALD FISHER FUND</ContributorNameIndividual>
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          <AddressLine1>1 MARITIME PLAZA SUITE 1550</AddressLine1>
          <City>SAN FRANCISCO</City>
          <State>CA</State>
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          <City>BENTONVILLE</City>
          <State>AR</State>
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          <City>NEW YORK</City>
          <State>NY</State>
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