KO Pro Bono Client PEBC Closes Groundbreaking $1.4 Million Financing
- KO Firm
- October 26, 2022
KO pro bono client Public Education & Business Coalition (PEBC), a Denver-based national education nonprofit, recently closed on a groundbreaking $1.4 million financing to scale its Teacher Residency program.
The first-of-its-kind PEBC Teacher Residency Pay for Success (PFS) initiative, coupled with complimentary funding from the Colorado Department of Education, will train 335 new licensed teachers over the next three years in partner school districts to address a severe statewide teachers’ shortage. The school districts will repay the funding only if participants complete the program, become licensed teachers, and remain in the partner district for three years.
Northern Trust, the Gates Family Foundation, and The Denver Foundation have committed to fund the initiative and the investment was facilitated by Social Impact Solutions.