Billionaire Philanthropist Suspends $1 Million Prize For Urban School Districts

LOS ANGELES (AP) — A foundation started by philanthropist Eli Broad has suspended a national prize awarded annually to a top-performing urban school system.

The $1 million award was pulled amid concerns that the schools are failing to improve quickly enough, the Los Angeles Times reported Sunday.

Broad has been involved in many education-related initiatives. A branch of his foundation operates a training academy for superintendents and other senior education leaders.

The Huffington Post