Philanthropic watchdog: US education foundations not doing enough to help most needy children

A philanthropic watchdog group is hoping to light a fire under charitable foundations that support education by releasing a report Wednesday that points out how few of them focus enough attention on helping the most needy students.

The study by the National Committee for Responsive Philanthropy said that only 11 percent of American foundations devoted at least half their grants to programs that benefit vulnerable students. It looked at 672 foundations that gave at least $1 million to educational causes from 2006 to 2008.