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Philanthropy and Business Work to Aid Community Colleges

10/6/2010
October 6, 2010

 

Philanthropy and Business Work to Aid Community Colleges

October 6, 2010
 

The Bill &  Melinda Gates Foundation will commit $34.8-million over five years to increase graduation rates at the nation’s two-year colleges, reports The Washington Post.

The foundation’s Completion by Design effort will finance up to five programs for increasing community-college graduation. Currently fewer than one in five students at two-year schools earn an associate degree or certificate.

The Gates program was to be announced Monday on the eve of the first White House Summit on Community Colleges. The Obama administration has made two-year colleges a key part of its efforts to better equip students with marketable job skills.

The White House was due to unveil on Monday a new public-private partnership intended to help community colleges align their curricula with employers’ needs, according to The New York Times.

Five major corporations—Accenture, Gap Inc., McDonald’s, PG&E, and United Technologies—have agreed to support the project, to be run by the Aspen Institute, a nonprofit research group.

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Broward County Inspiring Philanthropy over 25 years