KCS awarded grant; Bill & Melinda Gates Foundation to fund "Smart Spending" Initiative
Dr. Jim McIntyre, Superintendent, has announced that the Knox County Schools has received a grant valued at $1.2 million from the Bill & Melinda Gates Foundation to fund an initiative aimed at strengthening our ability to ensure resources stay aligned to our priorities The Knox County Schools is one of four school districts across the country to receive funding from the Gates Foundation.
“Our willingness to make hard financial decisions, evaluate programs, reallocate dollars from administrative to instructional areas, and develop the extensive ‘return on investment’ report in 2012 were tremendous assets in this extremely competitive selection process,” said Dr. Jim McIntyre, Superintendent of the Knox County Schools.
An initial investment of $840,000 will be funded through the Gates Foundation, with the remaining 30 percent of the investment being provided by the Knox County Schools per the grant guidelines. The total value of the grant is estimated at $1.2 million.
“The effective and efficient use of taxpayer dollars is always a priority of the Board of Education and the Knox County Schools,” said Karen Carson, Chair of the Knox County Board of Education. “’Smart spending’ means making sure that hard-earned resources of our citizens are put to effective and efficient use. I look forward to seeing the results of the grant.”
The grant will run through October 2014, with a commitment to sustaining the work beyond the duration of the grant cycle. Grant guidelines require that the Knox County Schools engage a strategic partner in this initiative, and the Parthenon Group has been selected to assist with data collection, and resource and return on investment analysis.