Microsoft Chairman Bill Gates, computer magnate Michael Dell, investor Eli Broad, and the Walton family of Wal-Mart fame have collectively poured some $4.4 billion into school reform in the last decade through their private foundations.
None of the dollars has proven to be a silver bullet. In a first-of-its-kind computer analysis, iWatch News investigated the graduation rates and test scores in 10 major urban districts — from New York City to Oakland — which collectively took in almost one-fourth of the total money poured in by these top education philanthropists. For all the millions spent on reforms, nine of the 10 school districts studied substantially trailed their state's proficiency and graduation rates — often by 10 points or more.
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