Broad Foundation Awards $5 Million to Success Academy Charter Schools

Broad Foundation Awards $5 Million to Success Academy Charter Schools

The has announced a $5 million grant to in New York City to expand the number of schools primarily serving low-income students and students of color.

The grant will help support the charter management organization's expansion plans over the next two years, which include opening its first high school and six new elementary schools in 2014. Founded in 2006, Success Academy Charter Schools currently operates eighteen elementary and four middle schools serving nearly seven thousand students. The latest grant from the Broad Foundation, Success Academy's first major funder, brings its support for the charter school network to $11.4 million.

Success Academy Schools ranked in the top 1 percent of all New York schools in math and in the top 7 percent in English language arts on the 2013 New York State exam, which for the first time was aligned with the Common Core State Standards. African-American and Latino students from Success Academy schools outperformed white students across the state by more than 51 points in math and 27 points in English.

"These results are astounding," said Rebecca Wolf DiBiase, managing director of programs at the Broad Foundation. "Clearly, Success Academy Charter Schools is doing something right, and this investment underscores our belief that high-quality charter schools need to expand so we ensure that more students have the opportunity to attend a great school."

"." Eli and Edythe Broad Foundation Press Release 08/26/2013.