Obama’s $1 Billion Preschool Expansion Gets Backing From Disney

Walt Disney Co., and toymaker Lego A/S’s foundation are among the contributors of more than $330 million to an early childhood education initiative the White House is announcing today.

The private-sector giving is part of a $1 billion package to expand education for preschoolers as part of President Barack Obama’s initiative to give every child in the U.S. access to “high-quality” preschool.

Obama today will speak at an early childhood education summit at the White House, talking about his initiative that includes curbing school suspensions and expulsions of young children.

Disney pledged $55 million in Web applications and books while Susan Buffett and Partners, run by billionaire investor Warren Buffett’s daughter, promised $15 million to pay for schooling 192 infants and toddlers in Omaha, Nebraska.

The Kresge Foundation and Pritzker Family Foundation, of which Commerce Secretary Penny Pritzker is a founder and former director, both made commitments too.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE