Venture Philanthropy gives $5.5 million for expansion of KIPP DC charter schools

Susan Kinzie:

It’s another sign of private money shaking up public education in the District: A $5.5 million gift will dramatically help expand a network of high-performing charter schools in the city, with a goal of more than doubling the number of students enrolled by 2015.
The grant by Venture Philanthropy Partners, a nonprofit organization using the principles of venture-capital investment to help children from low-income families in the Washington region, will fund Knowledge Is Power Program (KIPP) schools. The grant is to be announced Monday.
“VPP recognized our ability to impact not just the students we have, but the students throughout D.C.,” said Allison Fansler, president and chief operating officer of KIPP DC. “We want to set a high bar for what’s possible.”