TheNew York City Department of Education (NYCDOE) won the 2007 Broad Prize forUrban Education. New York City has been a finalist for TheBroad Prize for the past two years. U.S.Secretary of Education Margaret Spellings joined philanthropist Eli Broad atthe Library of Congress in Washington, D.C., to announce thewinner. Former U.S. Secretary of StateColin Powell delivered the keynote address at a celebratory Broad Prizeluncheon following the announcement, after remarks by U.S. House ofRepresentatives Speaker Nancy Pelosi. The$1 million Broad Prize is an annual award that honors large urban schooldistricts that demonstrate the greatest overall performance and improvement instudent achievement while reducing achievement gaps among poor and minoritystudents. The money goes directly tograduating high school seniors for college scholarships.