Charter Pulse

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NEW JERSEY: Newark Charter School Fund donates $10 million to bolster city schools

grant-moneyThe Newark Charter School Fund will put $10 million toward “quality growth” of charter schools in the 2013 – 2014 school year, according to a release issued by the fundraising entity.

“Recent research has shown tremendous results for students attending Newark’s public charter schools, highlighting the important role charters play in the district-wide efforts to provide all Newark kids with access to a high-quality education,” said Mashea Ashton, CEO of the fund. “This new round of funding will help us continue to grow and improve the charter schools in Newark and offer parents and students more and better education choices.”

In an interview Ashton said the money represents a partnership geared towards expanding charters and their effectiveness and bolstering collaboration between charters and district schools.

Roughly $3.8 million is coming from long time charter funders including the Walton Family Foundation, The Doris and Donald Fisher Fund and The Robertson Foundation. Another approximately $1.2 million is coming from the New School Venture Fund and other donors.

That will be matched by roughly $5 million from the Foundation for Newark’s Future, the non-profit set up to match and distribute $100 million donated to Newark schools by Facebook founder Mark Zuckerberg, Ashton said.

“We have all come together with one plan in mind,” Ashton said, citing the need to support high quality charters as well as improve collaboration with district schools.

“It’s a really a commitment to this next year with (those) two specific goals in mind,” she said.

Source: NJ.com – by David Giambusso/The Star-Ledger

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This entry was posted on June 7, 2013 by in Charter Schools, Grants, New Jersey and tagged .

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