Nonprofit or community organization
Last modified: February 12, 2013, 2:56 PM
The Children's Scholarship Fund aims to maximize educational opportunity for all children: for those in need by offering tuition assistance in grades K-8 for alternatives to faltering conventional schools, and for all children by supporting and cultivating education reform and parental choice efforts.
In the Beginning: In 1998, Ted Forstmann and the late John Walton launched Children's Scholarship Fund (CSF), a program that would give 40,000 low-income children across the country the chance to attend private schools for four years. CSF received 1.25 million applications for the 40,000 scholarships, showing the intense demand for choice in education. Now, more than a decade later, CSF has become an established, well-respected charity with a network of partner programs and generous donors nationwide. For its contribution to equal educational opportunity, Philanthropy magazine cited CSF as one of the best charitable investments people will be talking about a century from now. We have provided scholarships worth $524 million, changing the lives of 130,000 low-income children.
Currently: This school year, Children's Scholarship Fund is awarding $41.1 million in scholarships to almost 25,700 children attending private and parochial elementary schools across the country.
True Value: But the truth is that CSF awards lead to more than just test scores. They empower parents and grandparents to choose a private or parochial school, providing them with a larger stake in the child's education, and strengthening the family in the process. The scholarships also stabilize enrollments at private schools that provide a safe and academically sound environment in tough inner-city neighborhoods, increasing education options for everyone.