$10 Million Awarded to Alliance for College-Ready Public Schools From The Broad Foundation, Individual Donors

State Superintendent Jack O'Connell, Alliance Board Chairman Richard

Riordan Join Eli Broad to Announce Investment That Tips Charter School

Movement in L.A.

May 24, 2007, 01:00 ET from Alliance for College-Ready Public Schools from ,The Eli Broad Foundation

    LOS ANGELES, May 24 /PRNewswire/ -- The Alliance for College-Ready
 Public Schools announced today it has received $10 million in grants, led
 by The Eli and Edythe Broad Foundation, to help open 13 new charter schools
 in the Los Angeles Unified School District. These funds will further
 advance the success and sustainability of the growing charter school
 movement in Los Angeles, home to the most charter schools and the most
 students attending charter schools in the country.
     "We have long believed that high-quality public charter school models
 are successful at improving student achievement," said Eli Broad, founder
 of The Broad Foundation. "With soaring dropout rates and a failure to
 provide students with the skills they need to succeed in college, in work
 and in life, our country's education system is not working. However, the
 models of success -- and certainly the brightest hope for students in Los
 Angeles -- are high-performing charter school organizations like the
 Alliance for College-Ready Public Schools."
     The Alliance currently operates seven public charter schools in the Los
 Angeles Unified School District, serving 1,800 students. In September 2007,
 three new Alliance schools will open, bringing the total schools in
 operation to ten. All Alliance charter schools outperformed their
 neighboring LAUSD schools on the 2006 Academic Performance Index (API).
     All Alliance students are enrolled in rigorous college-preparatory
 coursework and provided with an extensive support structure to ensure their
 success in smaller classrooms and a longer school year. Alliance students
 receive individual tutoring and attend after-school and Saturday classes to
 meet college-readiness goals. It is expected that 90 percent of Alliance
 students continuously enrolled from grades 9-12 will pass the California
 High School Exit Exam and meet University of California and California
 State University A through G college-preparatory course requirements, and
 that 90 percent of Alliance graduates will attend two or four-year
     The Broad Foundation's grant of $6.5 million will support the opening
 of nine new high schools and four new middle schools in the next four
 years, with the capacity to serve 8,000 students. The $3.5 million raised
 from Alliance Board members will also be used to support school expansion.
 Alliance schools will be located in the neediest communities in Los Angeles
 where public schools are overcrowded and underperforming.
     "Public charter schools in California are demonstrating innovative
 practices that are making a measurable difference," said State
 Superintendent Jack O'Connell, who attended the announcement on the campus
 of Gertz-Ressler High School, the first Alliance school, which opened in
 2004. Gertz-Ressler High School earned an API score last year of 766,
 achieving the third-highest growth rate among LAUSD high schools and
 ranking it among the top 10 high schools in the district. "These are the
 kind of impressive academic results that can -- and must -- be replicated,"
 O'Connell said.
     Though Alliance schools are outperforming neighboring schools, the
 students reflect the communities they serve, with up to 98 percent of
 students eligible for free and reduced meals, 100 percent minorities (80
 percent Latino, 20 percent African-American), 25 percent English learners
 and 5 percent of the students in special education programs.
     "As the former California Secretary of Education, I can say without a
 doubt that today marks a turning point for education in this state," said
 Alliance Board Chairman Richard Riordan. "When business and philanthropy
 step forward to focus their resources, it is a testament to a simple fact:
 charters work. We must always remember that charter schools are public
 schools, but they put children first."
     In the past six years, The Broad Foundation has invested more than $56
 million to support the growth of charter schools in a small number of
 cities including Los Angeles, New York City, Oakland and Philadelphia. Last
 November, The Broad Foundation announced a $10.5 million grant to Green Dot
 Public Schools to open 21 new small high schools in Los Angeles over the
 next four years. The Alliance grant brings The Broad Foundation's support
 of charter schools in Los Angeles to $36 million.
     About The Alliance for College-Ready Public Schools
     The mission of the Alliance, a nonprofit charter management
 organization, is to create a network of small, innovative schools that
 establish the foundation for college success in students who live in high
 poverty communities in the Los Angeles area. The vision is to open a
 minimum of 20 new public charter schools over the next five years. The
 Alliance, led by CEO Judy Burton, also announced that it will be moving its
 headquarters to the Frank E. Baxter Education Complex that also houses two
 of its schools effective June 1, 2007, thus closing the gap between the
 administration of charter schools and the schools themselves. For more
 information, visit www.laalliance.org.
     About The Broad Foundation
     The Eli and Edythe Broad Foundation is a national venture philanthropy
 established by businessman and philanthropist Eli Broad to advance
 entrepreneurship for the public good in education, scientific and medical
 research, and the arts. Broad, who founded two Fortune 500 companies,
 SunAmerica Inc. and KB Home, created The Broad Foundation to dramatically
 improve K-12 urban public education through better governance, management,
 labor relations and competition. The Broad Foundation's Internet address is

SOURCE Alliance for College-Ready Public Schools; The Eli Broad Foundation