The University will permanently endow the Fund for the Education of the Children of Providence, which will provide financial support for the city’s Pre-K-12 students through a range of educational initiatives.
PROVIDENCE, R.I. [Brown University] — As part of a pledge made after its groundbreaking 2006 report on the University’s historic ties to slavery, Brown University has fully funded a commitment to establish $10 million in endowed funds to support current and future generations of Pre-K-12 students in Providence.
Brown’s governing board, the Corporation of Brown University, authorized this month the designation of $8.1 million in unrestricted University-endowed funds to complement $1.9 million raised over the years from donor support, achieving full funding for the Fund for the Education of the Children of Providence.
As one element in a wide-ranging partnership between the University and the Providence Public School District (PPSD), the Fund will advance initiatives to improve teaching and learning in Pre-K-12 classrooms, ensure access to high-quality education for city students and support PPSD’s Turnaround Action Plan.
“Every student in Providence deserves access to a first-rate education that provides a foundation for successful lives and careers, whatever path they might choose,” said Brown President Christina H. Paxson. “The Fund’s permanent $10 million endowment will ensure sustainable financial support from Brown, enable continuous improvement to teaching and learning in Providence, and play an important part in promoting academic excellence and student success for generations to come.”