JP Morgan a new initiative to invest 325 million in charter schools. The new initiative will focus on the growth of high performers in this difficult credit environment.
The company will provide $50 million in grants to community development financial institutions (CDFIs) to be used as permanent equity to fund top-performing charter schools. 175 million dollars will be provided (with the assistance of CDFIs) in debt and approximately $100 million in New Markets Tax Credit equity to help the funding of charter school facilities.
Sun, May 9, 2010
Non Profit Industry News