Former New York City mayor and philanthropist Michael Bloomberg has pledged a $20 million investment to forge new partnerships between HBCUs and public charter schools. The initiative—launched jointly by Bloomberg Philanthropies and City Fund—aims to open and support K–12 public charter schools affiliated with HBCUs, creating seamless pipelines from elementary and middle school through to higher education and career opportunities.

Each organization will contribute $10 million to the initiative. In addition to the financial support from Bloomberg Philanthropies and City Fund, the United Negro College Fund (UNCF) has joined to provide guidance and support for the partnership.

Leaders behind the effort say the idea is to leverage HBCUs’ long history of educating Black students—and their d

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