澳门跑狗论坛

Education Funding

Gates Foundation鈥檚 New Billions Viewed as Boon, Challenge for Education Giving

July 11, 2006 2 min read
  • Save to favorites
  • Print
Email Copy URL

The recent announcement by the investor Warren E. Buffett that he will donate some $30 billion to the Bill & Melinda Gates Foundation is spurring questions about what the gift will mean鈥攁nd should mean鈥攆or education giving at the nation鈥檚 wealthiest philanthropy.

The Gateses made clear during a public forum with Mr. Buffett that education will stay a top priority for the foundation, whose biggest focus is on issues of global health and development. Bill Gates, who is the chairman of the Microsoft Corp. of Redmond, Wash., called ensuring a high-quality education for all U.S. students 鈥渙ur second big goal.鈥

鈥淵ou could say we鈥檙e five or six years into our education thing, and we need another probably three to five years before it鈥檚 very clear which models are working,鈥 he said at the June 26 New York City forum.

The Gateses did not offer any specifics for how the Buffett gift might affect their education giving, and a Gates spokeswoman also declined to do so, other than to reiterate the philanthropy鈥檚 commitment to the work.

The foundation has an endowment of more than $29 billion. Since 2000, it has committed about $1 billion to support the start-up of small high schools or the restructuring of large schools into smaller units. Disappointed by the outcomes of some of its small-schools work, the foundation increasingly has been giving money to help urban districts with broader efforts to improve curriculum and instruction in high schools.

Call for R&D

Mr. Buffett announced last month that he plans to donate most of his fortune, estimated at more than $40 billion, to several philanthropies, with the majority going to the Gates Foundation. The gift will go out in annual contributions of stock from Berkshire Hathaway, the Omaha, Neb., company he founded.

鈥淭his is going to be a very big investment for a long time,鈥 said Paul T. Hill, the director of the Center on Reinventing Public Education, located at the University of Washington in Seattle, whose work has received financial support from the Gates Foundation. 鈥淭he question really is, their feet are wet, what do you do if you want to make a fundamental difference?鈥

Mr. Hill is hoping the foundation will shift toward a major emphasis on research and development in education, suggesting there remain far too many unanswered questions about how to successfully educate disadvantaged students.

鈥淭he foundation would actually ask for innovative ideas in instruction and instructional management, in integration of social services, in use of online and other resources,鈥 Mr. Hill explained. Beyond that, he suggested, it should back efforts to implement pilot initiatives using those methods.

Frederick M. Hess, the director of education policy at the Washington-based American Enterprise Institute, said the growth at the foundation poses challenges.

鈥淭here鈥檚 a danger that, kind of like moths to a flame, reformers and researchers will flow to whatever Gates is doing, because there will be such a concentrated amount of resources.鈥

He added, 鈥淭hey鈥檝e got to redouble their efforts to ensure that they鈥檙e speaking to folks who are thinking about the challenges in different ways, and seeking out thoughtful criticism and feedback.鈥

The Gates Foundation has provided funding to support Diplomas Count, an annual 澳门跑狗论坛 report on high school graduation.

A version of this article appeared in the July 12, 2006 edition of 澳门跑狗论坛 as Gates Foundation鈥檚 New Billions Viewed As Boon, Challenge for Education Giving

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of 澳门跑狗论坛's editorial staff.
Sponsor
Reading & Literacy Webinar
Literacy Success: How Districts Are Closing Reading Gaps Fast
67% of 4th graders read below grade level. Learn how high-dosage virtual tutoring is closing the reading gap in schools across the country.
Content provided by 
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of 澳门跑狗论坛's editorial staff.
Sponsor
Artificial Intelligence Webinar
AI and Educational Leadership: Driving Innovation and Equity
Discover how to leverage AI to transform teaching, leadership, and administration. Network with experts and learn practical strategies.
Content provided by 
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of 澳门跑狗论坛's editorial staff.
Sponsor
School Climate & Safety Webinar
Investing in Success: Leading a Culture of Safety and Support
Content provided by 

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide 鈥 elementary, middle, high school and more.
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.

Read Next

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of 澳门跑狗论坛's editorial staff.
Sponsor
Education Funding Whitepaper
They Don鈥檛 Know What They Don鈥檛 Know
A new study suggests that policymakers have limited knowledge about the impact of teacher pension expenses on school district budgets...
Content provided by Equable
Education Funding Billions of Dollars for School Buildings Are on the Ballot This November
Several large districts and the state of California hope to capitalize on interest in the presidential election to pass big bonds.
6 min read
Pink Piggy Bank with a vote sticker on the back and a blurred Capitol building in the distance.
iStock/Getty
Education Funding Gun Violence Takes a Toll. We Need More Support, Principals Tell Congress
At a congressional roundtable, school leaders made an emotional appeal for more funds to help schools recover from gun violence.
5 min read
Principals from the Principals Recovery Network address lawmakers on the long-term effects of gun violence on Sept. 23, 2024, in Washington, D.C.
Principals address Democratic members of Congress on the long-term effects of gun violence on Sept. 23, 2024, in Washington, D.C.
Courtesy of Oversight Committee Democrats Press Office
Education Funding ESSER Is Ending. Which Investments Accomplished the Most?
Districts have until Sept. 30 to commit their last round of federal COVID aid to particular expenses.
11 min read
Illustration of falling or declining money with a frustrated man in a suit standing on the edge of a cliff the shape of an arrow dollar sign.
DigitalVision Vectors