[caption id="attachment_36238" align="alignleft" width="150" caption="Schools could see budget relief with new grants."]Schools could see budget relief with new grants.[/caption]

A coalition of wealthy foundations is offering up to half a billion dollars to match federal grants meant to encourage education reform, taking the pressure off schools scrambling to find the matching dollars they need to get the money.

A dozen foundations plan to announce this week that they are investing $506 million, a portion of which is intended to match grants from the $650 million Investing in Innovation (I3) program from the...

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