Philadelphia School Partnership announces $50M in funding commitments

At a press conference at The Philadelphia Charter School for the Arts and Sciences at H.R. Edmunds in Frankford this afternoon, the Philadelphia School Partnership announced more than $50 million in funding commitments for the Great Schools Fund.

“We’re thrilled that these investments will help to dramatically increase the number of great schools in Philadelphia, giving access to thousands more families in our city,” reads a prepared statement from PSP Board Chairman Michael O’Neil.
The statement was released prior to the 1 p.m. announcement, which got underway a few minutes late.

The commitment from various local investors and foundations marks the halfway point to the fund’s $100 million goal. The fund was set up to improve the city’s 35,000 lowest-performing seats in classrooms at public, private and charter schools.

WHYY/NewsWorks reporter Tom MacDonald will have more details this afternoon on the funding announcement.