$1.2M for UNC – Alternative school funded

The Kenan-Flagler Business School of the University of North Carolina at Chapel Hill will launch a public school alternative for local secondary students, thanks to a $1.2 million grant from the Goldman Sachs Foundation. The model school will provide accelerated learning opportunities for local teens.

UNC’s business school is one of six recipients worldwide of grants in excess of $1 million each from the Goldman Sachs Foundation to promote innovation and excellence in education.

The foundation will use a form of venture philanthropy with its six grant recipients, combining sizable grants with professional services and business expertise from Goldman Sachs to maximize the impact of the gifts.

Grant recipients include Prep for Prep, a New York City based organization that prepares talented students to succeed in academically demanding high schools; A Better Chance, Inc.; and Bank Street College of Education.

A $3 million grant will establish the Goldman Sachs Global Leaders Program, an annual competition to identify one hundred highly accomplished college students around the world. These students will participate in a special training program co-taught by faculty from various universities and Goldman Sachs experts.

The Goldman Sachs Foundation aims to develop and support high quality education for young people.

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