Janice Jackson Named CEO of HOPE Chicago, Nonprofit Seeking to Provide $ 1 Billion in Scholarships | Chicago News
Janice Jackson, who earlier this year left her post with Chicago Public Schools, will remain involved in local education as she now takes over a scholarship organization that promises to “redefine the education landscape” in Chicago. .
After more than three years as CEO of CPS, Jackson was named CEO of HOPE Chicago, a new nonprofit that is committed to “raising, investing and deploying” $ 1 billion in grants and aid. for local students and their families over the next decade.
“HOPE Chicago has a bold vision and a lofty goal,” Jackson said in a statement. “However, with a generous upfront investment, our operating and administration costs are covered for the next three years, which means we can ensure that every penny raised goes directly to the education of underserved families across Canada. Chicago. With the help of the community, civic leaders and business leaders, we have the opportunity to redefine the education landscape in our city.
These funds will be used to provide scholarships to approximately 24,000 first-year students over the next decade, as well as to help 6,000 parents or guardians who also wish to continue their education.
The HOPE Chicago scholarships will cover the full cost of tuition at participating nonprofit higher education institutions of two and four years. The first cohort of “HOPE Chicago Scholars” will be chosen next spring, before starting their post-secondary studies in the fall of 2022.
Beyond scholarships, HOPE Chicago also believes it can reach 71,000 other high school graduates through counseling, mentoring and career guidance by partnering with local community and outreach programs.
“HOPE Chicago’s visionary mission prepares our students and their families for success,” CPS new CEO Pedro Martinez said in a statement. “Like many of our students, education was my way out of poverty. As I embark on my work with CPS, programs like HOPE Chicago motivate us to help students complete their education and ultimately embark on the path to economic success.
In a statement, HOPE Chicago said it will focus on engaging the civic community to help invest in Chicago students and drive multigenerational change.
The organization has already raised more than $ 20 million thanks to the investments of its co-founders, Ted Koenig and Peter Kadens, and has set a goal of raising $ 100 million by the end of the school year. In progress.
“I know firsthand that the impact of HOPE Chicago will change this city for the better, especially for black and brown families who are often left behind by the education system,” Mayor Lori Lightfoot said in a statement. “By investing in Chicago’s students, parents and their future, HOPE Chicago is also investing in the future of our city’s social and economic outcomes, with a skilled, skilled and educated workforce. And with Dr. Janice Jackson at the helm, the sky is the limit for this important new venture.
Jackson will join “Chicago Tonight” on Wednesday to discuss HOPE Chicago and his new role.
Contact Matt Masterson: @ByMattMasterson | [email protected] | (773) 509-5431