Billionaire Steve Schwarzman Gave Historical Gift To His High School
- 6 years ago
Steve Schwarzman, the billionaire founder of private-equity firm Blackstone Group, recently gave a $25 million donation to his public high school.
Such donations to public K-12 schools are rare, especially compared with their private counterparts. Given the budget shortfalls, Schwarzman recently told a group of 3,000 superintendents that public schools need to start privately fundraising the way universities and private schools do in order to stay competitive.
Such donations to public K-12 schools are rare, especially compared with their private counterparts. Given the budget shortfalls, Schwarzman recently told a group of 3,000 superintendents that public schools need to start privately fundraising the way universities and private schools do in order to stay competitive.