Splashy initiative to provide $100 million boost for NYC child care
A new public-private partnership plans to invest $100 million in New York City’s youngest residents by supporting child care providers and expanding access to care for families.
The new effort, which is being called the Child Care Quality & Innovation Initiative for New York City, is funded by matching $50 million commitments from both the city and antipoverty nonprofit Robin Hood. The nonprofit has raised $25 million from Reddit co-founder Alexis Ohanian and another $10 million from the Bezos Family Foundation, but it’s unclear the source of the rest of the funding.
The splashy unveiling of the initiative, which took place Monday night at Robin Hood’s annual fundraising gala, included an auction for a trip to space donated by Jeff Bezos’s Blue Origin. Two public school teachers are expected to take the trip, donated by Citadel Founder and CEO Ken Griffin who won the bid for $8 million.
Read the full article here:
https://ny.chalkbeat.org/2022/5/10/23066074/nyc-robin-hood-child-care-initiative-invests-100-million
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For over 25 years, CITE has and continues to train:
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