William Penn Foundation Awards $1.5 Million to School District of Philadelphia
William Penn Foundation Awards $1.5 Million to School District of Philadelphia
The William Penn Foundation has announced a $1.5 million grant to the School District of Philadelphia to help the district streamline its operations and create a financially sustainable future.
The funding will support the design and implementation phases of an initiative led by the Boston Consulting Group to help SDP stabilize its finances and operations for the long term. The initiative was announced by the district's School Reform Commission, which will work with the foundation and the United Way of Southeastern Pennsylvania to structure and manage the initiative. The foundation also will work with the commission identify additional sources of private funding for the initiative.
"This is a defining moment for our schools," said WPF president Jeremy Nowak. "To close the achievement gap for Philadelphia's students, we need to get as much of the district's funds into the classrooms as possible. Moreover, we must be able to trust the financial projections and long term operations of the system."
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