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CMS Investment Study Group Unveils $55 Million Plan to Boost Graduation Rates, Narrow Achievement Gap in Charlotte’s West Corridor

CHARLOTTE, N.C. Jan. 31, 2011 Charlotte-Mecklenburg $55 million West Charlotte

$55 million

$40.5 million

  • Belk Foundation

$1 million

  • Foundation For The Carolinas

$2 million

  • Wells Fargo Foundation

$2.5 million

  • Duke Energy Foundation

$5 million

  • Bank of America Charitable Foundation

$10 million

  • C.D. Spangler Foundation

$10 million

  • The Leon Levine Foundation

$10 million

$40.5 million

The fund created by the gifts will be held at Foundation For The Carolinas.

Anna Spangler Nelson West Charlotte

"We believe this approach, combined with our exceptional educational leadership and strong community partnerships, will make a sustainable impact in student achievement," said Williams. "While Project L.I.F.T. will be something truly innovative and special that makes the most sense for our community, its outcomes will serve to address what is clearly a broader, national issue."

Charlotte-Mecklenburg Peter Gorman West Charlotte

Charlotte Anthony Foxx West Charlotte Charlotte-Mecklenburg West Charlotte West Charlotte

$55 million

Project L.I.F.T. originated when representatives from The Leon Levine and C.D. Spangler Foundations met in the summer of 2010 to discuss how to make their giving to local educational causes more impactful.  Both foundations have a history of giving generously to educational causes.  With help from Foundation For The Carolinas, they formed a committee made up of 13 members representing family and corporate foundations, as well as community leaders with a passion for education.  They determined to address the system’s top educational needs as defined by the community, in a series of community forums held last summer by the board of education.  

Project L.I.F.T. will move soon to appoint an executive director to oversee the work, and plans call for some of the measures to be in place in time for the start of the 2011-2012 school year, with a full rollout in 2012-2013.  While the executive director will report to the school system, a board made up of investors will provide accountability.

www.fftc.org

SOURCE Foundation For The Carolinas

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