Foundations offer $506M to match education grants

[tonysam]

More blackmail attempts to create schools in the vulture philanthropists' image:

A coalition of wealthy foundations is offering more than half a billion dollars to match federal grants meant to encourage education reform, taking the pressure off schools scrambling to find the matching dollars they need to get the money.

A dozen foundations plan to announce this week that they are investing $506 million in a matching fund for the $650 million federal government grant program, called Investing in Innovation.

The foundations also set up an Internet portal schools can use to apply for matching funds from all the foundations in one step, streamlining the task of seeking money from multiple sources. Schools have until May 12 to apply for the money, which will be paid out by the end of September.

Education Secretary Arne Duncan said he was ecstatic about the foundations' interest in the innovation program and called the partnership unprecedented.

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[mzteris]

1. Good!

Schools are hurting for money and need all the help they can get!! Unless you approve of all those teacher lay-offs and school closings??


The program itself: http://www2.ed.gov/programs/innovation/index.html

'cause, you know, some people don't want just "their sacred opinion" regurgitated over and over, they want to actually learn something and be exposed to a bigger picture so they can maybe UNDERSTAND what is happening in the world and not just bias. . .