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Impact Investing
Marion P. Thomas Charter School, Newark, NJ

One of the oldest and most successful charter schools in Newark, Marion P. Thomas Charter School serves a critical role in the community.

In May 2014, the Goldman Sachs Social Impact Fund closed a $15 million senior loan to finance the construction of a new, 73,500 square foot facility that will support up to 600 students. The new building will feature modern classrooms, advanced science and computer labs, a black box theater and a state-of-the-art culinary learning facility. There is no other Newark public school that can currently provide similar programming in one centralized location.

The building will also support educational programming for members of Newark’s Central Ward neighborhood, with the culinary learning facility and black box theater open to neighborhood residents for cultural events and continuing education opportunities.