The William Penn Foundation will give $15 million to fund innovations in Philadelphia public, private, and charter schools over the next three years.
President Jeremy Nowak said that the foundation would focus on closing the achievement gap for low-income students, with an emphasis on global standards and this effort is in line with the goals of the current School Reform Commission, overhauling the district, closing struggling schools and expanding strong ones.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.