JPMorgan Gives $2.5 Million for Public School Turnaround

JPMorgan Chase & Co. Foundation last night announced a $2.5 million gift to Turnaround for Children, a New York-based nonprofit that works to transform low-performing schools.

The grant over a three-year period will help pay for full-time social workers and teacher-training dealing with the disruptiveness of poverty. The cost of the Turnaround model at each school is $250,000 a year.