We’re excited to announce our latest investment in two proven school operators with track records of providing high-quality education to students in underserved communities. The grants, totaling $3.4 million, are the first in a series of Great Schools Fund investments we plan to make in early 2013. You can read about the announcement in today’s Inquirer.
We are making the following investments to help provide high-quality school options to more families in North and West Philadelphia:
- $1.8 million growth grant to Scholar Academies to serve an estimated 600 to 900 additional students. Scholar Academies currently operates Young Scholars Charter School – one of the city’s highest performing middle schools – and Young Scholars Frederick Douglass Charter School, a high-performing neighborhood school located in North Philadelphia. Both schools have waiting lists of parents hoping to enroll their children in the schools.
- $1.6 million growth grant to KIPP Philadelphia to serve an estimated 700 to 800 additional students. KIPP Philadelphia operates four high-quality, college-prep charter schools — 94% of KIPP 8th grade graduates go on to complete high school and 84% enter college. More than 1,100 families applied for only 255 spots across the four schools this year.
Hundreds more families across the city want their children to attend KIPP and Scholar Academies schools and we want to help make that possible. Our investment, thanks to your support, will provide at least 1,300 more students in Philadelphia access to a great school, ultimately helping thousands more students get on the path to college.