Grantmakers in the News
September 1, 2004
Name: The Wachovia Foundation, Inc
Year founded: 1982
Contact: Shannon W. McFayden, Dir.
Address: c/o Wachovia Corp.
301 S. College St., Ste. 2525
Charlotte, NC 28288-0143
Telephone: 704-374-4085
URL: http://www.wachovia.com/inside/page/0,,139_414_430,00.html
The Charlotte, North Carolina-based
Wachovia Foundation, the
philanthropic arm of financial services giant Wachovia Corp., has announced a five-year, $20 million program to increase
student achievement in public schools by supporting teachers and the teaching profession.
The first eighteen recipients of the
Wachovia Teachers and Teaching Initiative have already been
announced, with grant awards ranging from $50,000 to $250,000. Examples of the programs and projects funded to date include
a Pennsylvania initiative to develop a strategy for filling mid-year vacancies in high-needs subject areas, with a focus on
attracting teachers from other professions; a Florida initiative to provide job shadowing and leadership coaching for urban
high school principals; a North Carolina program that provides mentors, classroom observation, feedback sessions, and
training for new teachers; and an English-as-a-second-language program that provides professional development and
certification for teachers in Pennsylvania.
"Research demonstrates that the classroom teacher is the single most critical factor in increasing student achievement,"
said Steve Bentley, director of community affairs at Wachovia. "We created the Wachovia Teachers and Teaching Initiative
because we wanted to provide funding to organizations that enhance teacher recruitment, development, support, and retention,
with the ultimate goal of increasing student achievement."
For a list of all 18 recipients, see the press release.
|
