On December 17, 2024, the Charter Institute Board of Directors officially approved the transformative Institute Success Agenda, a $1.75 million series of strategic initiatives that will address some of today’s most pressing challenges in South Carolina’s education system.
South Carolina has long struggled to establish meaningful change in the rural I-95 Corridor, known as the "Corridor of Shame." Reputed for its limited access to resources and poor academic outcomes, the need for reform in this area was highlighted in the 2005 documentary "Corridor of Shame: Neglect of South Carolina's Rural Schools."
The Institute will support local communities and the State Department of Education in their goal to increase academic achievement of children in the “Corridor of Shame.” Accordingly, the Institute will offer $100,000 in forgivable, no-interest loans to up to 10 approved applicant groups committed to opening charter schools in the “Corridor of Shame.” These groups must have a history of operating high-quality schools. The loan will also be available to approved existing schools in the Corridor who wish to expand. Utilizing financial controls along with deep academic and operational support from the Institute, these schools will be equipped for success. Schools that achieve Institute benchmarks within the first three years will have their loans forgiven and become Institute “Corridor of Success” schools. Within ten years, Institute schools will transform the "Corridor of Shame" into the "Corridor of Success”.
Math scores in South Carolina and nationwide have hit historic lows. Identifying the root cause can be challenging due to variations in instructional methods, teaching strategies, and classroom resources.
For years, parents have made charter schools the fastest-growing sector in public education. However, charter growth velocity, particularly in poor and rural areas, has been slowed by a consistent lack of resources for land and facilities funding.
In addition to cultivating funding relationships across the United States, the Institute will support the creation and capitalization of alternative and innovative funding mechanism(s) that will specifically target the geographic areas of greatest educational need. The goal of this plan is to provide accessible, below-market-rate financial support to new and expanding schools. These alternative vehicles will provide an avenue for philanthropic and business interests to collaborate to benefit the neediest children and expand the state’s economy and workforce.