SECOND ROUND: The Silicon School Fund debuted a $40 million fund to be invested in 40 new schools in the San Francisco Bay Area, benefiting 20,000 students, over the next five years. The disclosure was part of the collection of commitments made on November 10 during the White House Summit on Next-Generation High Schools. In addition to supporting schools, the grants are also aimed at teacher and principal training.
"We are actively looking for great leaders who want to launch new schools in the Bay Area and also support new credentialing programs for teachers and principals being trained for the classrooms of tomorrow," says Brian Greenberg, CEO of the nonprofit Silicon School Fund.
The Silicon Schools Fund launched in 2013, aiming to invest $25 million in 25 schools by 2017. The initial goal was reached one year ahead of the target. The Khan Lab, Summit Public Schools and Aspire Public Schools are among the blended learning schools in its portfolio.