Eli and Edyth Broad Foundation contributes $1 million to charter schools
November 18, 2010
Recently, charter schools have received a tidal wave of support from nonprofit fundraising ventures, and a recent contribution from one foundation is going to bring that total even higher.
The Eli and Edythe Broad Foundation has announced that it will donate $1 million to Achievement First in an effort to double the number of public charter schools operated by the network. Thanks to the donation, the organization will be able to serve an additional 6,500 students throughout the New York, Connecticut and Rhode Island.
"Achievement First schools help their students make dramatic academic gains and prepare them
for success in college and the real world," said Eli Broad. "As more families demand quality public school choices for their children, we are proud to help these outstanding public charter schools expand access for underserved students."
This contribution is in addition to recent support Achievement First received from the Walton Family Foundation. For every new Achievement First school opened, the foundation contributes $250,000. Additionally, over the past two years, the U.S. Department of Education has channeled $1.7 million in grants toward the nonprofit organization.