Eli Broad, L.A. Elite, Offers $250K Prize to Charter Schools That Serve Low-Income Kids - Los Angeles News - The Informer

Eli Broad, L.A. Elite, Offers $250K Prize to Charter Schools That Serve Low-Income Kids - Los Angeles News - The Informer:

Eli Broad, L.A. Elite, Offers $250K Prize to Charter Schools That Serve Low-Income Kids

By Simone Wilson Mon., Oct. 31 2011 at 6:00 PM

Categories: Education

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New Yorker

Eli Broad, lover of L.A. art and equality in education.

​Opponents of the burgeoning charter-school industry like to paint it as a corporate wolf in "reform" clothing -- stealing money from struggling district-run schools while receiving an even steadier cash flow from billionaires.

And the latest cash prize from L.A. philanthropist Eli Broadprobably won't quiet them any.

But it should. The stipulations attached to Broad's new annual giveaway are exactly the kind of goals reformers need to be luring charter companies toward:

Each year, he'll award $250,000 to "the charter management organization that demonstrates the best academic outcomes