Bob Schaffer: “Here is what it means for students and for States. In Philadelphia, the Philadelphia Inquirer just a few days ago…”

“Here is what it means for students and for States. In Philadelphia, the Philadelphia Inquirer just a few days ago published a story, the headline is ``Nonprofit Foundations Ease Schools' Budget Pains,'' and it talks about the Cherry Hill Education Foundation. According to the Inquirer, this is an article by Kristen Graham, she says, ``Across the nation a growing number of districts are relying on grassroots, independent, nonprofit foundations to fund programs and foster business relationships.'' Here is a quote from somebody named Howie Schaffer, who is the spokesman of the Public Education Network which is a national association of education funds. He says, ``The growth is exponential around the country. There are quite a few in Pennsylvania and New Jersey.'' The article goes on: ``An estimated 3,000 to 4,500 school foundations operate in the United States.'' These foundation are the ones that benefit from a tax credit that we are proposing.”