We're not sure why charters and finance billionaires go together like peas and carrots, but we'll save the theorizing for another article. What's notable about Schwab is that he's deeper into this area than many of the more glitzy hedge fund donors who get so much attention.
A $1 million gift to the Charter School Growth Fund in 2011 stands out, not only because of the size of the gift but also because of its destination. Founded in 2005, the Charter School Growth Fund (CSGF) is a bit like the mother ship of the charter school movement, working to grow and professionalize this alternative ed sector. A lot of the major players in the charter school funding world have given to CSGF, including Walton, Gates, Dell, Bradley, and Fisher. Schwab 's investment here is yet more evidence that it's a core member of the charter cabal.