In July of 2007, the Center for Evaluation and Education Policy (CEEP) at Indiana University was contracted by the state legislature to conduct an evaluation of the Indiana charter schools. The current study reports the results of an evaluation that has been designed to ensure that all objectives of the provisions of HEA 1001-2007 are fulfilled. In addition, the framework of the study is based on IC 20-24-2-1, Purposes of Charter Schools, and IC 20-24-2-2, Discrimination Prohibited. These two sections of the Indiana Code lay out the purposes for charter schools and emphasize that students cannot be discriminated against regarding disability, race, gender, etc. The current report addresses a set of evaluation questions provided by the Indiana General Assembly. Specifically, the evaluation addresses research questions with respect to charter school enrollment patterns and policies, funding patterns and sources, innovations in charter schools, impacts on neighboring corporations and the educational landscape in general, accountability and performance of charter schools on achievement measures, and the effectiveness of the support provided by charter school sponsors. The study finds that: (1) Charter schools educate a different student population than do school corporations--largely minority and low-income, with disproportionately few special education and LEP students; (2) There are no practical differences in student performance for charter and traditional public schools, although performance trends at the high school level should be interpreted with caution; and (3) In looking at the funding data, the case can be made that charter schools are either over-funded or under-funded, depending on the perspective taken. (Contains 14 figures, 4 tables, and 3 endnotes.)