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| MEDIA CONTACT |
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The Partnership for Rubenstein Associates, Inc. |
DOE
Contact: Eileen Murphy, 212-374-5141
FOR IMMEDIATE RELEASE
from
NEW YORK CITY DEPARTMENT OF EDUCATION
JOEL I. KLEIN, CHANCELLOR
New York, New York
June 21, 2004
PDF 61KNew York City Schools Chancellor Joel I. Klein Announces DONATIONS OF $38 Million to fund the NYC Leadership Academy's Groundbreaking Initiatives to Recruit and Train Next Generation of Public School Principals
Partnership for New York City Fulfills its Unprecedented Commitment to Raise $30 Million for City's Leadership Academy
Donations Include $5 Million from the Annenberg Foundation, $2 Million from The Broad Foundation, and $1 Million from The Carroll and Milton Petrie Foundation
Schools Chancellor Joel I. Klein today announced that the Partnership for New York City, the City’s leading business organization, has fulfilled its unprecedented commitment to raise $30 million to fund the NYC Leadership Academy, a cornerstone of Mayor Bloomberg’s and Chancellor Klein’s Children First reform agenda. The Leadership Academy is a groundbreaking, citywide initiative to recruit and train outstanding principals for the City’s public schools.
“The members of the Partnership for New York City have demonstrated extraordinary vision and generosity,” said Chancellor Klein. “Recruiting, developing and supporting excellent principals is the key to transforming our City’s schools. We are intent on ensuring that our principals are prepared to take on the challenges of leadership and do what is necessary to provide every child in every school with a quality education. On behalf of our students, I want to thank the Partnership and its President and CEO, Kathy Wylde, who, working with Caroline Kennedy, have invested so much in our schools and in our City.”
The Partnership announced its commitment to raise $30 million for the Leadership Academy just over one year ago—on June 10, 2003.
“Putting effective leaders into every school is an important step in turning around our public education system,” said Jerry I. Speyer, President and CEO of Tishman Speyer Properties and a board member of the Partnership. “The Leadership Academy is proving that great leadership and great schools can be achieved in our lifetime.”
Kathryn S. Wylde, President of the Partnership and a member of the Leadership Academy's board of directors, added: “The Partnership regards its support of the Academy as an investment in the City's future workforce. Our members are delighted with the accomplishments of the first year, in terms of recruiting and training a new generation of highly motivated school leaders.
“The Academy is applying the best leadership training techniques from the private sector to develop the talent and skills of the people leading our schools,” said Partnership board member Richard D. Parsons, Chairman and CEO of Time Warner, Inc. and member of the Leadership Academy's advisory board. “The business community is fully behind the efforts of the Mayor, Chancellor Klein and the Academy team.”
In meeting its commitment, the Partnership raised funds from the following companies: Alcoa Foundation, American Express Foundation, The Bank of New York/George Link, Jr. Foundation, Candace Beinecke (Prospect Hill Foundation), The Blackstone Group, Bowne & Co., Russell L. Carson, Citigroup Foundation, Deutsche Bank Americas Foundation, Estee Lauder Companies, Federated Department Stores Foundation, General Electric, GreenPoint Bank/North Fork Bank, The Hearst Corporation, The J.P. Morgan Chase Foundation, Mel Karmazin, KeySpan Foundation, KPMG, Henry R. Kravis, Thomas H. Lee, Marsh & McLennan Companies, MetLife Foundation, Morgan Stanley, New York Life Insurance Company, New York Stock Exchange Foundation, News Corporation, Partnership for New York City Foundation, The Related Companies, the Rudin Family, Alan Schwartz (Schwartz Family Foundation), Shearman & Sterling, Stan Shuman (Marc Haas Foundation), Starr Foundation (AIG), Time Warner, Tishman Speyer Properties, UBS, Wachtell Lipton Rosen & Katz Foundation and The Williams Capital Group.
The Chancellor also announced the following recent donations to the Leadership Academy: $5 million from the Annenberg Foundation; an additional $2 million from The Broad Foundation; and $1 million from The Carroll and Milton Petrie Foundation.
Leonore Annenberg, president and chairman of the Annenberg Foundation, noted: “Approximately 80 percent of the Annenberg Foundation’s $500 million investment in a national challenge grant for public school reform (1996-2001) was designated for principal leadership training and teacher professional development. The grant to the NYC Leadership Academy reaffirms our commitment to this key component of school reform.”
The Broad Foundation, which has played a leadership role in supporting education reform throughout the United States and in New York City in particular, has made grants of $6 million to the Leadership Academy. “A student's ability to succeed in a public school depends directly on the principal’s ability to lead the school,” said Eli Broad, founder of The Broad Foundation. “That’s why The Broad Foundation has invested over $6 million to recruit and train the next generation of New York City public school principals. I believe that there is no more important investment in New York City's future than an investment in quality principals to lead New York City's public schools.”
The NYC Leadership Academy is a core element of Mayor Bloomberg’s and Chancellor Klein’s Children First reform agenda. The Leadership Academy, which opened in July 2003, was established to recruit and train outstanding principals to lead New York City’s public schools. During its first year, the Academy has launched leadership development programs for aspiring principals, new principals and existing principals.
The Academy is an independent 501 (c) (3) non-profit corporation and is funded by corporate and philanthropic giving. In addition to the support of the Partnership for New York City, The Broad Foundation, the Annenberg Foundation and the Petrie Foundation, the Leadership Academy has received strong financial support from The Wallace Foundation.
The Partnership for New York City (www.pfnyc.org) is a non-profit membership organization comprised of the chief executives of two hundred of New York City’s top corporate, investment and entrepreneurial firms. The Partnership is co-chaired by Jeffrey
W. Greenberg, Chairman and CEO, Marsh & McLennan Companies, Inc., and Martin Lipton, Senior Partner, Wachtell, Lipton, Rosen & Katz.
Founded by publisher, diplomat and philanthropist Walter H. Annenberg in 1989, the Annenberg Foundation (www.annenbergfoundation.org) exists to advance the public well being through improved communication. As the principal means of achieving its goal, the Foundation encourages the development of more effective ways to share ideas and knowledge. The Annenberg Foundation has offices in Radnor, Pennsylvania and Los Angeles, California.
The Broad Foundation was founded in 1999 by Eli and Edythe Broad, with an initial investment of $100 million that has since been increased to more than $400 million. The Foundation’s mission is to dramatically improve K-12 urban public education through better governance, management, labor relations and competition. In addition to investing in a national portfolio of grants, The Broad Foundation’s four flagship initiatives include: The $1 million Broad Prize for Urban Education, The Broad Center for Superintendents, the Broad Institute for School Boards and The Broad Residency in Urban Education. For more information, visit www.broadfoundation.org.
The Carroll and Milton Petrie Foundation became operational in 2002. Its mission is to support education programs in New York City, including the training and recruiting of high-quality educators, through grants, scholarships and fellowships.
Finally, the contributions announced today were coordinated by the Department of Education’s Office of Strategic Partnerships led by Chief Executive Caroline Kennedy and the Fund for Public Schools, Inc., ( www.fundforpublicschools.org ) a 501 (c) (3) non-profit corporation affiliated with the Department of Education, led by Chief Executive Officer Leslie Koch. The Fund’s mission is to raise awareness about the needs of New York City’s public schools and to increase private sector involvement in public education. The Fund, together with the Office of Strategic Partnerships, works with corporations, foundations, and individual citizens to raise critical funds for system-wide educational reform initiatives, create partnerships with donors to support individual schools and programs, and encourage all New Yorkers to volunteer and actively participate in supporting the City’s public schools.
The Partnership for New York City (www.pfnyc.org) is a network of business leaders dedicated to enhancing the economy of the five boroughs of New York City and maintaining the city’s position as the global center of commerce, culture and innovation.