Broad Foundation, U.S. Fund for UNICEF Commit $2.45 Million for Charter Schools in New Orleans

Broad Foundation, U.S. Fund for UNICEF Commit $2.45 Million for Charter Schools in New Orleans

The Los Angeles-based Broad Foundation and the U.S. Fund for UNICEF have announced grants totaling $2.45 million to fund two current and three planned KIPP (Knowledge Is Power Program) charter schools in New Orleans.

The foundation will provide $2 million to fund KIPP's two latest open-enrollment schools — KIPP Believe College Prep and McDonogh 15 — as well as three planned schools over the next four years. Of the $450,000 commitment from the New York City-based U.S. Fund for UNICEF, $300,000 will support renovations and extended learning time at McDonogh 15, while $150,000 will be used to support a social worker and extended learning time at KIPP Believe, which is scheduled to begin serving students as early as this week.

"KIPP is one of the country's great education success stories," said Broad Foundation founder Eli Broad. "Across the country, and particularly last year with displaced students from New Orleans, KIPP's model of teaching and learning has significantly increased student achievement, even in the most difficult circumstances."