SAN FRANCISCO, Oct. 11 (UPI) -- The Seattle-based Bill & Melinda Gates Foundation is spending $30 million to build 200 new charter schools for low-income students around the United States.
The grant to the San Francisco-based NewSchools Venture Fund will serve 100,000 students in low-income urban communities across the country, including New York City, Washington, Chicago, Los Angeles and Oakland, Calif., the foundation said in a statement.
The gift is the foundation's second to NewSchools, which helps non-profit charter management organizations start and run charter schools, said foundation spokesman Eli Yim.
NewSchools sees charter schools in low-income areas as a way of transforming public education "so that all children -- especially those under-served -- have the opportunity to succeed in the 21st century," the fund said.
In 2003, the Foundation gave $22 million to NewSchools with the goal of creating 100 charter schools to serve 40,000 students within a decade.