The Rex Organization's philanthropic arm is putting its money where its mouth is in New Orleans.
The Pro Bono Publico Foundation has awarded more than $1 million in grants to the city's public schools, the Times-Picayune reports.
Nearly $500,000 has been added to the foundation's Strategic Innovation Fund to fulfill performance-based, multi-year, strategic grant pledges.
"Most of this has been focused on operational grants that support the work being done in schools," says Merritt Lane, a member of the foundation's board.
Since its founding in 2006, the Pro Bono Publico Foundation's giving has exceeded $13 million.
"We have made tremendous progress, but we recognize there is much work still to do to ensure excellence in all of our schools," Lane says.
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Textbooks for Change, a London-based social enterprise that has obtained the B Corporation seal for positive social and environmental impact, is seeking investors that would be helping the company expand.