Walton charity pledges $1.2M for Indy charters

Back to TopCommentsE-mailPrintBookmark and Share

Five new charter schools in Indianapolis could benefit from as much as $1.2 million donated by the Walton Family Foundation.

The Arkansas-based charity, formed by Wal-Mart Stores founder Sam Walton, will run a competition to award grants to five community organizations that want to start charter schools.

Charters are publicly funded schools that are allowed to make their own decisions about curriculum, hiring, firing and other matters, apart from many local and state regulations. Indianapolis Mayor Greg Ballard and his predecessor Bart Peterson have approved 23 existing charter schools in Indianapolis.

The new initiative, called CEOs for New Schools, will award a $12,000 matching grant to each successful community organization to help it develop plans for a charter school. Then, if those plans are approved by Ballard’s office, each organization can receive another $225,000 from the Walton Family Foundation to cover start-up expenses.

Charters receive roughly $7,000 each year from the state Legislature for each student they enroll.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ