Foundations See 'Moment of Opportunity' to Improve Schools

April 30, 2010, Chronicle of Philanthropy — Twelve foundations announced today they plan to spend $506-million this year on grants designed to bolster a new $650-million federal grant program to expand innovative school-improvement projects.

"We see this as a real moment of opportunity for the country," said Michelle Cahill, a vice president at Carnegie Corporation of New York, which is coordinating the effort along with the Bill & Melinda Gates Foundation.