TEAM ACADEMY CHARTER SCHOOLS RECEIVE $1,000,000 GIFT FROM THE FOURNIER FAMILY FOUNDATION


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 TEAM ACADEMY CHARTER SCHOOLS RECEIVE $1,000,000 GIFT FROM THE FOURNIER FAMILY FOUNDATION 

NEWARK, NJ – May 22, 2012 – TEAM Academy Charter Schools (TEAM Schools) announced today a gift of $1,000,000 from the Fournier Family Foundation.  This gift will enable TEAM Schools to grow from four schools, serving 1,500 students, to ten schools serving more than 4,500 students, which is more than 10% of all Newark Public School students.

“This generous gift will help TEAM triple in size, by opening six new schools to serve the thousands of Newark students on our waitlists,” said Ryan Hill, founder and CEO of TEAM Schools.  “Thanks to the Fournier Foundation, we can continue to serve the kids that need us most and help put more than 4,500 TEAM students on the road to, and through, college.”

TEAM Schools plans to open a new elementary school, Thrive Academy, in fall 2012.   A second cluster of five schools will follow creating ten schools across Newark by 2017.

“The Fournier Family Foundation is proud to support TEAM Schools in their growth plans,” said Alan Fournier, President of the Chatham-based Fournier Family Foundation.  “We are committed to supporting innovation and strong leadership in public education in the state of New Jersey, and TEAM Schools sets a great example.”

Founded in 2002, TEAM Schools currently serve more than 1,500 students from K-2 and 5-12.   Eventually, TEAM will become a full K-12 choice for parents.  TEAM’s student population is comparable to Newark Public Schools in both its demography and academic preparedness.  More than 88 percent of TEAM students are eligible for the federal free or reduced-price meals program and 95 percent of students are African American, with 5 percent being Hispanic/Latino. Most students enter TEAM Schools one-or-more years below grade level in reading and math, but in a few short years, they achieve at academic levels that outpace their peers across the state.    

The schools of the TEAM network are committed to closing the achievement gap in New Jersey’s largest city.  While only 46 percent of students from low-income families matriculate to college nationally, TEAM Schools have seen over 83% of its middle school graduates go on to college. At full capacity, TEAM hopes to double the college graduation rate of Newark’s students.

About the Fournier Family Foundation

The Fournier Family Foundation has chosen to focus on education, the support of animals in need, and The Wounded Warrior Project among other charitable efforts. Within the educational sphere the foundation has supported the development of charter programs, need based scholarships, the NJ SEEDS program, and the reform of public education in New Jersey. The Fournier family has also directly supported education reform through Better Education for New Jersey Kids, Inc., a political action committee Mr. Fournier helped create.

 About TEAM Academy Charter Schools

TEAM Academy Charter Schools, founded by TFA alumni Ryan Hill, is part of the national network of KIPP (Knowledge is Power Program), a growing network of schools in Newark, New Jersey that proves that students of all backgrounds can succeed in school. The mission of TEAM Schools is to create a network of schools in Newark, New Jersey, that instill in their students the desire and ability to succeed in college, in order to change the world.  TEAM’s vision is that one day, the nation will know Newark, New Jersey, as a city of world-class public education.  For more information, visit www.teamschools.org

 About KIPP Schools

KIPP, the Knowledge Is Power Program, is a national network of free, open-enrollment, college-preparatory public schools with a track record of preparing students in underserved communities for success in college and in life. There are currently 109 KIPP schools in 20 states and the District of Columbia serving more than 33,000 students. To learn more, visit www.kipp.org

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