Foundations offer $506M for Education Innovation
From: eSchool News www.eschoolnews.com
Twelve prominent foundations, which include the John D. & Catherine T. MacArthur Foundation and the Bill & Melinda Gates Foundation, are offering funds that will match federal grants from the Investing in Innovation Program from the U.S. Department of Education...
The matching grants are meant to encourage education reform and ease the angst that educators might otherwise have in finding matching dollars to receive the federal grant money.
The article states that “school districts, schools, and other nonprofits have until May 12 to apply for the money, which will be paid out by the end of September”. Arne Duncan, Secretary of the U.S. Department of Education, was “ecstatic about the foundations’ interest in the innovation program and called the partnership (with the foundations) to be unprecedented.”
Full Article>>