'Angel Investors' Keep Head Start Program Alive Amid Shutdown

Monday, 07 Oct 2013 09:26 PM

By Amy Woods

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
A donation by two Texas philanthropists will resurrect the Head Start program, shuttered last week because of the federal furloughs.

John and Laura Arnold granted $10 million to the National Head Start Association on Monday to get the education initiative for pre-kindergartners from poor families back to work, Politico reported.

According to association spokeswoman Sally Aman, nearly 7,200 children nationwide have been turned away from Head Start programs since Sept. 30.

Programs in Alabama, Connecticut, Georgia, Florida, Mississippi and South Carolina also have closed, and nearly two dozen in other states face imminent closure. Combined, those programs serve 11,000 toddlers.

A program in Prentiss, Miss., now will be able to reopen because of the windfall, and start serving its 900 children again.

"Like everyone else, we are disappointed in the stalemate that has led to the federal government's shutdown,” the Arnolds said in a press release. "Our representatives' inability to resolve their differences has caused severe disruptions in the lives of many low-income Americans. We believe that it is especially unfair that young children from underprivileged communities and working families pay the price for the legislature's collective failures."

John Arnold, a billionaire who made his money in hedge funds, has been listed as one of Forbes' "4400 Richest Americans." His net worth is $2.8 billion.

"We will help keep the doors open at Head Start programs across the country this month," the Arnolds' statement continued. "We sincerely hope that our government gets back to work in short order, as private dollars cannot, in the long term, replace government commitments."

Yasmina Vinci, the association's executive director, agreed.

"The entire Head Start community and the at-risk children we serve are tremendously grateful to the Arnolds for their compassion and generosity," Vinci said.

"The bottom line, however, is that angel investors like the Arnolds cannot possibly offer a sustainable solution to the funding crisis threatening thousands of our poorest children," Vinci said."

Our elected officials simply must find a fiscal solution that protects, preserves and promotes the promise that quality early learning opportunities like Head Start offer to nearly 1 million at-risk children each year," she said.

The association may be able to pay back the Arnolds.

"If after the government shutdown, the government provides Head Start programs funding sufficient to fund their operations for a 52-week period, Head Start programs will repay the funds made available by the National Head Start Association at no interest through the generosity of Laura and John Arnold," an association statement said.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Arizona Court Upholds Giving Drivers' Licenses to Illegals

Wednesday, 26 Nov 2014 07:47 AM

A federal court of appeals in Arizona has told Republican Gov. Jan Brewer that it will not reconsider a ruling that bloc . . .

Black Friday Gun Buys Test Background Check System

Wednesday, 26 Nov 2014 06:21 AM

Black Friday isn't just when shoppers rush to stores for holiday sales. It's also one of the busiest days of the year fo . . .

Judge Overturns Mississippi Same-sex Marriage Ban

Tuesday, 25 Nov 2014 21:52 PM

A federal judge has overturned Mississippi's ban on same-sex marriage, but he is putting his order on hold for two weeks . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved