Bank of America
Bank of America Charitable Foundation Awards $1 Million to Lynch School
The Lynch School of Education (LSOE), which has earned a reputation for its involvement in urban education, has received a $1 million grant from the Bank of America Charitable Foundation for its Bank of America Leaders in Urban Education fellowship, allowing the school to expand its commitment to underserved classrooms and communities. The three-year grant supports graduate study and provides $20,000 each year to 10 master’s degree students in exchange for their agreement to serve economically disadvantaged children in city schools. The awards will be treated as forgivable loans, with forgiveness “earned” once a student graduates and fulfills the teaching requirement.
LSOE was one of five recipients—and the only higher-learning institution—to receive initial support from the Foundation’s $50 million Pledge to Education as a Path to Workforce Success. Citizen Schools, City Year, the GreenLight Fund and the national organization Achieving the Dream also received awards.
“Leadership in urban neighborhoods is vital to increasing the economic health of communities, and we are pleased to support the Lynch School’s commitment to develop individuals with a proven track record of leadership and service,” said Anne Finucane, global strategy and marketing officer at Bank of America and chair of the Bank of America Charitable Foundation. “These trained and highly motivated teachers will be uniquely equipped with the skills needed to transform urban education, helping address critical issues such as closing the achievement gap. We look forward to seeing the positive impact that this scholarship has on the city of Boston and the nation as a whole.”
Announced in July, the award marks the second major collaboration between the Lynch School and the bank foundation, which between 2004 and 2010 supported 52 Bank of America Teacher Scholars, most of whom continue to teach in urban schools. The new partnership hopes to expand on that program, encouraging the development of future “teacher-leaders” by recruiting applicants from across the country who are not only top-tier candidates but have also demonstrated an active interest in community service and expanding education opportunities, according to Interim Dean Maureen Kenny. Once enrolled, participants in the program undergo rigorous academic training and hands-on educational experience at one of the nation’s top-ranked schools of education.
Kevin Dua is one of the first LSOE students to benefit from the program. Originally from the Washington, D.C., area, Dua is a College of William and Mary graduate who served as a City Year teacher before coming to LSOE to study secondary education in history.
“As a product of urban education, I have always been compelled to give back to city schools,” says Dua. “The support of a major corporation like the Bank of America not only gives me the opportunity to pursue a master’s degree in education and the career that I have always dreamed of, but reaffirms the importance of urban education to the future of our country. I am honored to have the opportunity to personally contribute back to what shaped me and my career path.”