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Click here to return to Stimulus Funding for Education.
State Incentive "Race to the Top" Fund
Grantee:
Govenors
Stimulus Funding:
$4.35 billion by competitive grant
Timeline:
Two rounds: Fall 2009 and Spring 2010
Program Description:
Competitive grants to states that have shown progress meeting reform requirements and in improving student achievement. No specific guidance issued to date.
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Innovation Fund
Grantee:
Local Educational Agencies, including partnerships with nonprofits
Stimulus Funding:
$650 million in competitive grants
Timeline:
Two rounds: Fall 2009 and Spring 2010
Program Description:
“Invest in What Works and Innovation Fund”
Funds will go primarily to public-private partnerships, particularly between school districts and nonprofit entities for taking proven, effective programs to scale.
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School Improvement Fund
Grantee:
State Educational Agencies and Local Educational Agencies
Stimulus Funding:
$3 billion by formula
Timeline:
Two rounds: Fall 2009 and Spring 2010
Program Description:
Funds for school improvement initiatives in Title I schools that do not make AYP in two consecutive years. Funding is for effective interventions in low-performing schools. 40% of funds go to school improvement activities in middle and high schools.
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Title II of the Higher Education Act
Grantee:
Institutes of higher education and local educational agencies
Stimulus Funding:
$100 million
Timeline:
Available Now
Program Description:
Competitive grants to address teacher shortages and modernize the teaching workforce through Teacher Quality Partnerships between institutes of higher learning and high-need school districts.
More Info...
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