CSGF ONLY SUPPORTS ORGANIZATIONS THAT DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE-ADDED ACADEMIC GAINS. THE FUND FOCUSES ON GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS. CSGF INCURRED $150,096,573 OF GRANT EXPENSE TO OR FOR THE BENEFIT OF CHARTER SCHOOLS AND INCURRED ADDITIONAL CHARITABLE EXPENSES OF $31,194,910 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2024. IN ADDITION, CSGF ISSUED $ 29,530,047 OF PROGRAM-RELATED INVESTMENT (PRI) LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2024. SEE SCHEDULE I FOR A DETAILED LISTING OF GRANTS ISSUED DURING THE YEAR.