Koret Foundation Launches $50 Million Higher Education Initiative

Koret Foundation Launches $50 Million Higher Education Initiative

The San Francisco-based Koret Foundation has announced a $50 million initiative in support of twelve institutions of higher education in the Bay Area.

Focused on improving student success and building long-term capacity at the City College of San Francisco; Notre Dame de Namur University; San Francisco State University; San Jose State University; Santa Clara University; Sonoma State University; Stanford University; the University of San Francisco; the University of California, Berkeley; the University of California, Santa Cruz; the University of California, Davis; and the University of California, San Francisco, the multiyear initiative will support efforts to strengthen those institutions based on their presidents' and chancellors' strategic priorities; upgrade campus facilities and technology to serve institutional and community needs; strengthen ties between Bay Area and Israeli scholars; and improve student success and graduation rates, especially among underserved students.

For eleven of the institutions, the grants awarded through the initiative are the largest they have ever received from the foundation. "As Santa Clara moves forward with an aspirational plan to expand its facilities and transform its programs, the Koret Foundation will ensure that these resources also benefit more students from underserved families," said Santa Clara University president Michael Engh. "The foundation's support will enable Santa Clara to fast-track three critical programmatic goals that would otherwise take closer to a decade to achieve."