Wednesday, February 28, 2007

Cristo Rey Network

During our trip to Chicago, one of the most rewarding visits was not to a corporate headquarters, but rather to an extraordinary Jesuit high school called Cristo Rey. Located in the Hispanic quarters of Chicago, where the area is overridden with gang-violence and experiences a 75% high-school drop-out rate, Cristo Rey offers a tution-free education that allows students to pay off their tuition fees by working one day a week. As part of the program, students are assigned to work for major companies and firms in Chicago; corporations like Deloitte, Chicago Board of Trade, USA Soccer Association, and Univ. of Chicago Hospitals. What's more is that 99% of graduation students end up going to college, typically sponsored by an affiliate Jesuit College. Given the incredible success of this school, model schools have been created under the provision of the Cristo Rey Network in cities such as New York, Boston, and Tucson.



From a business perspective, here's what I found most interesting
:
-Before establishing Cristo Rey Jesuit H.S., Rev. John Foley consulted with a major Chicago business firm to help create a viable business model.
-Cristo Rey dedicates an entire sector of its school in helping recruit new companies and building new partnership.
-Cristo Rey was able to raise large pools of capital from the Bill & Melinda Gates foundation as well as from a major venture capitalist.
-After graduating from college, graduates from Cristo Rey are usually offered high ranking positions from the companies that worked for during high school.

Lessons to be learned:
Too often we see many failed attempts in improving the state of our inter-city schools. The best hope for non-profits is though the application of business practices and approaches. The ideal situation is the perfect fusion between big business and non-profits. Instead of solely donating funds, big businesses can make more meaningful impacts on their communities by consulting their advice and resources.
-AK

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