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Local Group Halfway To Raising $100 Million For Philadelphia Schools

By Mike DeNardo

PHILADELPHIA (CBS) --
A group is halfway toward its goal of raising $100 million for high-performing Philadelphia schools.

The Philadelphia School Partnership has commitments of $52 million toward its goal of $100 million to help expand opportunities at schools it says are doing it right -- whether they are public, private or charter.

"We are halfway in our fundraising, but now the money gets invested. That money is invested to take high-quality schools of every type," explains Mike O'Neill, who chairs the Partnership's board.

School Reform Commission chair Pedro Ramos says it's a vote of confidence. "The pace of their success reflects that our community still believes that we can do better by our children in some consistent way."

Fifteen million dollars of the $52 million has come from the William Penn Foundation.

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