Where private foundations award education cash
Public school systems around the country may have spent the past several years starving for cash in this financially troubled era, but a new report shows that philanthropists doled out $684 million in private grants from 2000-08 to organizations involved in reforming the teaching profession.
The analysis, the first comprehensive examination of philanthropy activity in this area, showed that the biggest chunk of the money — 38 percent — went to teacher recruitment, while 22 percent was spent on professional development, 14 percent on teacher preparation and less than 10 percent for everything else.
One organization was the big winner in the money giveaway, according to the University of Georgia researchers who did the analysis, and given all the attention it has received from school reformers, including Education Secretary Arne Duncan, it should come as no surprise.
