I linked to this article in "Links of the Week," but I wanted to highlight it here separately. I strongly encourage all MTCers to read through it (one of the things I learned was that the United States spends $500 billion a year in public K-12 education). Essentially, the article is a "round-table discussion" with several experts in the field of education that starts with this scenario:
We’ve been brought together today by a high-tech entrepreneur whose company just went public, netting him $4 billion. He has decided to give half of his fortune away, and he wants to give it to education — specifically to primary and secondary education in the United States. But this is not a field he knows. He has been working hard for the last decade, and he hasn’t thought much about philanthropy. So he has assembled this panel of experts to give him advice. Rick, let me start by asking you: What kind of impact will this gift have? Is $2 billion suddenly being injected into the realm of K-12 education a big deal?
Hess: Not on its face; it’s just a ripple.