Joseph H. Reich, Charter School Pioneer, Dies at 89

Published On Oct 11, 2024, 5:19 PM

Joseph H. Reich, a financier and philanthropist, passed away at the age of 89. He, along with his wife Carol, established the Beginning With Children school in Brooklyn, which was one of New York City’s pioneering independently run public schools. This school opened in 1992 with a mission to provide better educational opportunities for impoverished children, leading to significant academic improvements. Their efforts were critical to kick-starting the charter school movement in New York, which now includes 281 charter schools enrolling 15% of the city’s schoolchildren. The legacy of their work reflects ongoing debates about school choice and equity in education funding.

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The passing of a notable figure in education reform could reignite discussions about charter schools and their impact on public education funding, possibly leading to increased interest in education-related investments. Investors might look for opportunities among education technology companies or ETFs that focus on education and public interest reforms, which may see favorable movements as discussions surrounding educational equality and innovation gain traction.

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