Today, the William Penn Foundation announced a $15 million investment in our effort to create and expand high-quality schools in Philadelphia.
As reported on the front page of today’s Philadelphia Inquirer, this is a huge step toward our goal to invest $100 million over the next five years to accelerate the pace of education reform.
Janet Haas, board chair of William Penn said, “The status quo has failed the children of this city for too long. The costs of educational failure are too high. Solutions to Philadelphia’s difficult, long-term education problems are attainable, but they involve significant change, which won’t be easy.”
At PSP, we believe a long-term solution will take a coordinated effort among our city’s elected officials, education leaders, philanthropists, and all our stakeholders. This commitment from our city’s largest foundation demonstrates that we are all working together around a common goal of ensuring a great school for every kid in Philadelphia.
Over the coming weeks, we plan to announce additional investments in our Great Schools Fund. We hope you will consider joining William Penn and other philanthropists by investing in the future of Philadelphia’s schools.