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May 13, 2015

Donations to N.Y. Schools Nonprofit Down From Bloomberg Era

A charity that raises money for New York public schools and saw donations spike during Michael R. Bloomberg's City Hall tenure has struggled to draw support under his successor, Mayor Bill de Blasio, reports The New York Times. The Fund for Public Schools, which raised an average of $29 million annually over the past decade, has taken in $18 million this fiscal year, which ends June 30 — about half of it from multiyear grants that began during the Bloomberg years.

Mr. de Blasio and his schools chancellor, Carmen Fariña, lack the ties to big donors enjoyed by Mr. Bloomberg, a billionaire media mogul, and his first education chief, Joel I. Klein.

Mr. de Blasio has been critical of his predecessor's focus on charter schools and test scores, policies many major education philanthropists also embrace. The fund's recent struggles "may reflect a more basic discomfort with the education agenda of this administration," said Peter Sloane, head of the Heckscher Foundation for Children, which gave to the organization from 2006 to 2008.