Denver charter school gets $7 million donatio
July 20, 2011
The chairman of a major media company recently made headlines after he announced a large nonprofit fundraising
donation to a charter school in Denver.
The Denver Post reports that Liberty Mutual Chairman John Malone contributed $7 million to the Denver School of Science and Technology, the largest gift in its history. The school's chief executive, Bill Kurtz, said that he was impressed with the contribution and that the gift would help students and faculty.
For his part, Malone said that he decided to make the donation after seeing first-hand how much of a positive impact the school was having on its students.
"I was just amazed after having visited the school," Malone said. "It seemed to me it was offering inner-city kids a high- quality education and opportunity they might not otherwise get."
Through his charity, the Malone Family Foundation, Malone has given significant amounts of money to educational initiatives. Since its founding in 1997, it has created initiatives including the Malone Scholars Program, which gives scholarships to secondary schools in the U.S.