Tuesday, December 9, 2008

Gates Foundation gives $70M to Hispanic education effort

Just sharing this terrific news from the Puget Sound Business Journal today:

The Bill & Melinda Gates Foundation said it will give nearly $70 million in grants to aid Hispanic education efforts concentrating in New York City, New Mexico and California.

The Seattle-based foundation said the goal is to double the number of low-income students who earn a degree by age 26, or an increase of about 250,000 graduates each year.

“Hispanics continue to grow as a proportion of the labor force, and yet they are not getting the postsecondary degrees that will prepare them to excel in the modern economy. With these new grants, organizations will be able to help more young people get through college,” said Gil Conchas, senior program officer with the Gates Foundation, in a statement.

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