100Kin10, a non-profit focused on providing funding for Science, Technology, Engineering and Mathematics (STEM) education has closed its fourth fund with $6 million in commitments. 100kin10 is working to bring 100,000 STEM teachers into schools by 2021.
The organization raises funds to support efforts within school districts to adopt STEM curriculum and hire STEM teachers. The pledged funds are made available in a “funding marketplace,” where vetted 100Kin10 partners can share proposals and ideas with the funders and through which funders have access both to the cutting-edge ideas of this highly selected group of organizations working on STEM teaching and also to strategic grantmaking advice and support from 100Kin10.
Prior funds have raised some $80 million.
New supporters in fund four include the APS Foundation and the Simons Foundation. The APS Foundation is the non-profit arm of the Arizona Public Service, Arizona’s largest utility company. The Simons Foundation supports science and engineering education efforts.
The Carnegie Corporation of New York and the Leonetti O’Connell Family Foundation also contributed for a second time.
To date, the 30+ 100Kin10 funders have collectively given 157 awards to 67 100Kin10 programmatic partner organizations totaling over $62 million in grants.