Two hedge fund billionaires dropped $1 million each on a controversial charter school advocacy group in April, the Daily News has learned.
Officials at pro-charter lobbying powerhouse Families for Excellent Schools have declined to name the nonprofit’s funders since it was founded in 2012.
But a July filing with the state’s Joint Commission on Public Ethics shows finance titans Dan Loeb and Julian Robertson both donated a cool million to the group.
Both Loeb and Robertson have a history promoting the growth of charter schools, but neither has been directly linked to Families for Excellent Schools until now.
Loeb, who runs an $18 billion investment group called Third Point, is network chair of Success Academy charter schools, the city’s largest charter network.
Chapman goes on to write that the $2 million in cash from Loeb and Robertson "is probably just a fraction of the income the organization will receive in 2015."
And indeed, that's the case.
Families for Excellent Schools has broken lobbying expenditure records in the past (see here) and drops a huge amount of cash on lobbying on a regular basis (see here.)
They've got a lot of money to burn and they use it to help Eva Moskowitz and Success Academies.
Success Academies likes to maintain a distance from Families for Excellent Schools, claiming the two organizations are not linked or coordinating, but that's laughable on its face.
When FES released a race-baiting ad a few weeks ago, Eva Moskowitz of Success was one of the few to defend FES and the ad.
Though FES doesn't reveal its donors, we know at least one of those donors has substantial links to Eva (as Chapman reported, Dan Loeb chairs the SA board.)
And they often seem to coordinate "rallies," with SA students, parents and teachers making up much of the "audience" at the FES political functions (indeed, Eva even closes her schools for these rallies.)
They also coordinate messages, with both FES and Moskowitz hitting on the "De Blasio hurts black children" message in ads, press conferences and newspaper op-eds.
Families for Excellent Schools is the propaganda and political wing of Success Academies, spending millions in cash that appears to be raised from many of the same sources that SA raises its cash from, to promote Eva Moskowitz's political agenda.
The two entities can claim they're not one and the same all they want - with SA chair Dan Loeb revealed as an FES donor as well, we start to see just how closely linked these entities really are.