Bill & Melinda Gates Foundation
May 6, 2010
The Bill & Melinda Gates Foundation and the Charles and Helen Schwab Foundation today announced their support to help secure $93 million in a tax-exempt bond issuance that will help Aspire Public Schools, a leading California non-profit public charter school management organization, offer high-quality, permanent facilities to more students. Known as a Program Related Investment (PRI), each foundation has provided $8 million in unfunded guarantees to back bond financing for facilities that will serve more than 4,000 new students in the high-performing Aspire Public Schools system.