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Hillsborough County Schools Loses Both Gates Money and Financial Reserves

24 Sep

Discover what happens when you make a deal with a devil.

deutsch29

In November 2009, the Bill and Melinda Gates Foundation awarded the Hillsborough County (Florida) Public Schools a $100 million grant as part of its “Empowering Effective Teachers” effort:

Hillsborough County Public Schools

Date: November 2009
Purpose: to support Hillsborough County as part of a cohort of Intensive Partnership Sites to improve teacher effectiveness to transform outcomes for low-income, minority students
Amount: $100,000,000
Term: 80
Topic: College-Ready
Regions Served: GLOBAL|NORTH AMERICA
Program: United States
Grantee Location: Tampa, Florida
Grantee Website: http://www.sdhc.k12.fl.us/

The grant was to be paid in 80 installments; if such installments were monthly, then the grant would be paid over roughly seven years, with the final payment made at the end of the 2015-16 school year.

Of course, Gates had some ideas about how this “teacher effectiveness” business should work. The report linked above has as its second sentence, “A teacher’s effectiveness has more impact on student learning than…

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2 Comments

Posted by on September 24, 2015 in Uncategorized

 

2 responses to “Hillsborough County Schools Loses Both Gates Money and Financial Reserves

  1. Pingback: Facebook’s Zuckerberg, now a father, will give away $45 bln - RiyadhVision
    • Lloyd Lofthouse

      December 4, 2015 at 07:58

      Just in case, I suggest anyone who reads this comment also check out just how giving Zuckerberg is by reading this piece from ProPublica that was co-published with The New York Times

      http://www.propublica.org/article/how-mark-zuckerbergs-altruism-helps-himself

      Instead of seeing his fortune vanish into traditional charities, watch it grow inside it’s tax sheltered LLC that is not a non-profit. This is what is called venture philanthropy—the same trick other billionaires are doing with their money. They claim they are giving their money away to improve the world while they are really sheltering their money from paying their fair share of taxes and using the LCC to make more money than they might actually be giving away to improve the quality of life in the world. For instance, Bill Gates does it. The Koch brothers do it. The Walton family does it, and they are using these tricky tax shelters to buy the American republic and turn it into an oligarchy ruled by the few who have the most.

      ProPublica and the New York Times report, “An LLC can invest in for-profit companies (perhaps these will be characterized as societally responsible companies, but lots of companies claim the mantle of societal responsibility). An LLC can make political donations. It can lobby for changes in the law. He remains completely free to do as he wishes with his money. That’s what America is all about. But as a society, we don’t generally call these types of activities ‘charity.'” But Bill Gates does and now so does Zuckerberg and the corporate owned media trumpets their boasted lies to the world.

       

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