On April 26, 2016, the Center for Media and Democracy's PR Watch published an article about publicly available data regarding the KIPP Foundation, including our 2012 and 2013 990 tax forms and three federal grant reports. We welcome the examination of this information, which has been publicly available for some time. However, we want to clarify some of the claims around KIPP's expenditures and transparency.
OneMain Holdings, Inc. (NYSE:OMF) and KIPP (Knowledge Is Power Program), announced today that they have entered into a year-long partnership to develop a comprehensive financial literacy toolkit to be made available to all 183 KIPP schools by 2017. When complete, the toolkit will offer resources, curriculum and protocols to help students, staff and families at KIPP public charter schools navigate financial issues, such as budgeting and wise use of credit, and questions related to college costs.
This month, the Center for Civil Rights Remedies will release a report entitled "Charter Schools, Civil Rights and School Discipline: A Comprehensive Review." It will draw on data from a report from the Office of Civil Rights on school suspension data from 2011-12. According to the CCR report, KIPP Reach College Preparatory, the middle school I founded in 2002 and still lead, had a suspension rate for black students in 2011-12 of 71 percent. This number is inaccurate, not because of a mistake by the Office of Civil Rights, but because of a reporting error we made at KIPP Reach.
PHILADELPHIA, PA - The KIPP Foundation announced today that it will partner with the University of Pennsylvania in an effort to increase college completion rates for underserved KIPP students nationwide. This is KIPP's first college partnership with an Ivy League university, and its 10th partnership with an institution of higher learning since fall 2011.