The New York City-based Network for Teaching Entrepreneurship has announced a $10 million gift from the Diana Davis Spencer Foundation to significantly expand its reach to underserved students in the U.S. and abroad.
The gift will enable the international nonprofit to launch its NFTE Entrepreneurship Pathway, a series of programs that teach entrepreneurship alongside startup and career skills, while providing academic and industry credentials. Through the initiative, NFTE expects to reach two hundred thousand underserved students in the U.S. by 2022.
"NFTE truly empowers students," said Diana Davis Spencer, president of the Diana Davis Spencer Foundation and longtime NFTE board member. "These students really learn the tools to convert their passion into businesses and the relevance of academic skills. I'm so excited that one of our NFTE alums, Rodney Walker, a Yale MBA student, is about to hit the market with his new book, A New Day One. Somehow, learning to start a business gives these NFTE students confidence and a certain edge to own their futures and forge ahead. It's a win/win."