Foundations offer half a billion dollars for education reform

From The Boston Globe: A coalition of wealthy foundations is offering up to half a billion dollars to match federal grants meant to encourage education reform, taking the pressure off schools scrambling to find the matching dollars they need to get the money. A dozen foundations plan to announce this week that they are investing $506 million, a portion of which is for a matching fund for the $650 million federal government grant program, called Investing in Innovation.