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Gates Foundation gives boost to KIPP schools in Houston
Nov 12, 2009 11:55 AM
From The Houston Chronicle: The Knowledge is Power Program (KIPP), Houston's
largest chain of charter schools will receive financial help from The
Bill & Melinda Gates Foundation so KIPP can continue its aggressive
expansion plan. The credit support from the foundation will enable KIPP to save $10 million and help the charter system start construction on new campuses.
KIPP's $100 million expansion plan had stalled because of difficulties
securing credit in the bad economy. In the next five years, KIPP hopes
to increase enrollment in its Houston schools to 11,500 from 4,500.
