The has announced a $2 million grant to the , which provides scholarships to Catholic schools in the Archdiocese of New York.
The grant will support programs, awards, and scholarships in and for Catholic elementary schools in the archdiocese and includes $1.2 million for capital improvements at the Sacred Heart of Jesus campus of the in Manhattan, with a focus on equipping classrooms to support STEM education. When completed, the STEM-centric classrooms — which will feature a Makerspace area, 3-D printers, audio and video capture tools, and editing tools — will be named in honor of the Barry family.
In addition, $100,000 of the grant is earmarked for a year of academic coaching and professional development for teachers at in Mount Vernon, the in Manhattan, and a third school to be determined. The funding will support blended learning, which provides students with technology-enabled learning programs focused on independent and small-group instruction. The remaining $700,000 will fund need-based tuition assistance for qualified families through the Inner-City Scholarship Fund's programs.
"Inner-City Scholarship Fund was one of the first organizations we wanted to support," said Elizabeth Swanson, daughter of John and Daria Barry, CEO and managing director, respectively, of Prospect Capital Management. "They have helped so many children grow, and we want to elevate the program with this contribution. My parents feel strongly that a good education is very important for children regardless of family income level. Inner-City Scholarship Fund helps children reach their potential."