Thursday, January 27, 2011

The Associated Press: AP Exclusive: Teach For America gets $100M

The Associated Press: AP Exclusive: Teach For America gets $100M
AP Exclusive: Teach For America gets $100M

ATLANTA (AP) — Teach For America, the education organization that has placed recent college graduates in low-income public schools, is getting $100 million to launch its first-ever endowment in hopes of making the grass-roots organization a permanent fixture in education.

The program — which is now in communities from Atlanta to rural New Mexico to Los Angeles — announced Thursday that four philanthropists are joining to create a stable, long-term source of money. It's welcome news for an organization that had more than 46,000 applications for just 4,400 teaching slots this academic year.

"A few years ago we embraced the priority of making Teach For America an enduring American institution that can thrive as long as the problem we're working to address persists," said founde