Philadelphia School Partnership Receives $5 Million Challenge Grant from Walton Family Foundation

Grant to support Great Schools Fund is largest national foundation gift to the Philadelphia School Partnership to date; more than $12 million committed by national foundations in past 12 months

PHILADELPHIA, PA (September 18, 2013) – The Philadelphia School Partnership (PSP) today announced it will receive a $5 million challenge grant from the Walton Family Foundation to support the Great Schools Fund. This grant will support the creation and expansion of high-quality schools for Philadelphia students, especially in low-income communities.

PSP’s Great Schools Fund pools philanthropic dollars from a diverse group of funders to strategically invest in the incubation, startup, expansion and transformation of high-quality schools across Philadelphia. The Fund invests in K-12 schools of all types with the capacity to deliver outstanding educational outcomes for children in the city, including traditional district, charter and private schools. To date, PSP has invested $29 million to give nearly 14,000 additional students a year access to high-quality district, charter, private, and turnaround schools.

The $5 million, three-year grant is the largest commitment from a national foundation to PSP to date. In June 2013, PSP announced a $4.2 million investment in the Great Schools Fund from the Michael and Susan Dell Foundation, and last December the Bill & Melinda Gates Foundation invested $2.5 million in PSP to support the Philadelphia Great Schools Compact. Since PSP’s inception in October 2010, more than 40 businesses, individuals and foundations have committed $65 million toward the fundraising goal of $100 million for the Great Schools Fund.  Below is a summary of coverage from the announcement:

Philadelphia Business Journal

Philadelphia Inquirer/Philly.com

CBS Philly/KYW

The Chronicle of Philanthropy