Gates Foundation Gives $30-Million for Charter Schools
October 13, 2006 | Read Time: 1 minute
The Bill & Melinda Gates Foundation has given $30-million to the NewSchools Venture Fund to build 200 charter schools for students from needy families, reports The Associated Press.
The grant marks the second time the Gates Foundation has given money to NewSchools, which supports groups that establish and operate charter schools; in 2003, the foundation gave $22-million to NewSchools.
The schools will be built in neighborhoods with large numbers of low-income people in Chicago, Los Angeles, New York, and Washington. The hope is that they will reach as many as 100,000 students.
Charter schools get public money but are operated by private groups and do not have to follow all the same rules that public schools do.
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