The Success Charter School, a rapidly growing schooling network established by Eva Moskowitz, has received a grant of $250,000 and there are already talks being made on what to do with the awarded funds. The charter school received the amount due to winning the Broad Prize – a specific amount of educational funding awarded to a charter school each year that has demonstrated outstanding outcomes in the academic sphere among students from low-income backgrounds as well as for charter schools who teach to a predominant amount of students of color. Eva Moskowitz’s Success Academy was the school chosen among 41 possible schools and they teach 14,000 students who are mostly low-income families.
Eva Moskowitz commented on the award, claiming that it was an important achievement for charter chains working with undeserved children. While the $250,000 awarded to Success Academy is not as high of an amount as their usual donations from wealthy donors, the money will very likely go a long way with near future plans with the academy. The school has seen donations from the hedge fund sector upwards of $60 million back in 2014, which was a $42 million increase since 2013.
While the amount may not be as high as their cumulative revenue in a given year, Eva Moskowitz explained that the award was a true honor for the academy. The award is a way to acknowledge that students born in low-income families with the inner city of New York can see achievements just as high as those who are born into more affluent or well to do families. Eva Moskowitz has been honored with announcing the new launching of the Success Academy Education Institute. This new addition from Eva Moskowitz to the academy is not related in any way to the amount they received for this award.