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.
The grant makers said in a statement they have also created an online registry to make it easier for groups to apply for, and share information about, the new federal program, known as the Investing in Innovation, or "i3," program.
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