A Look into Rocketship Education’s Establishment, Growth, and Funding

Rocketship Education is a network of non-profit charter schools which has headquarters in the Redwood City of California. Rocketship was established in the year 2006 by John Danner and Preston Smith. A year after its establishment, the organization launched its first school in the San Jose area of California. The students who enrolled in this school are said to have performed as great as the best students of any public school according to the State of California Assessment Team. This is one of the reasons that led to the expansion of the organization and the launch of half a dozen more schools in the same area within a span of just five years. All this happened under the leadership of both Danner and Smith who were at the time the collaborative Chief Executive Officers of the Organization. It was in the year 2013 that John Danner left the organization leaving Smith as the sole Chief Executive Officer.

With Smith as the CEO, Rocketship Education launched its first school that was situated outside the State of California. The school was launched in Wisconsin’s Milwaukee in the year 2013. A year later, Tennessee, Nashville was graced with the opening of a Rocketship school and became the third region that the organization reached. Barely two years later, the organization established yet another school in Washington D.C. It was at this point that Rocketship Education entered a partnership with the Apple Tree Institute. Together, these two organizations launched the K-5 network of schools in Washington D.C. which offer the same services as other Rocketship Schools with the added advantage of preschool services as well.

Where does Rocketship get its Funding?

Being that the organization is an non-profit, it depends greatly on private financing and donations. One of the main financiers of the organization is Andre Agassi, a former Tennis Pro through the Turner-Agassi School Facilities Fund Organization. The organization has also received donations from big shots like Reed Hasting of Netflix who made a donation of two million as well as the Obama Administration that has also invested in the organization. The Education Department has also been a huge supporter and financier for the organization.