“The donation will expand the work of the project, which has already received $75 million from Blue Meridian since 2020. The project’s early results on improving enrollment and other core operations were strong, said Jim Shelton, president and chief investment and impact officer of Blue Meridian Partners.
‘It made it relatively straightforward to say, ‘Clearly, we’re just beginning this work. Institutions have been underinvested and need more investment, and we believe that we can play a catalytic role in bringing resources to the table,’ Shelton said, adding that they were actively seeking additional support from other funders to expand to more schools.”