Investing in two great school operators

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.

Recent News
School Investments

Since 2011, we’ve invested nearly $60 million to give 25,000 more students access to high-quality schools.

Investors

Our goal is to raise $140 million by 2022 to invest in great schools of all types. To date, we’ve raised more than $80 million.

By the Numbers

We invest in schools of all types. Our committed funds are currently invested in charter (65%), district (25%) and private (10%) schools.

Performance

Our goal is to ensure 50,000 more students each year are on the path to college by 2022.