Philly-Area Charters Collect $30 Million+ in PPP Funding

(Dan here…via Diane Ravitch’s blog…)

Philly-Area Charters Collect $30 Million+ in PPP Funding

by dianeravitch

Charters in the Philadelphia area received more than $30 million in Paycheck Protection Program funds, while public schools in Philadelphia continue to be systematically underfunded. The big winner in the PPP sweepstakes is the for-profit Chester Community Charter School, owned by a major Republican donor and billionaire.
One of the largest loans, between $5 million and $10 million, went to Chester Community Charter School (CCCS), which is operated by a for-profit management company owned by wealthy Republican donor Vahan Gureghian.
The loan was received by Archway Charter School of Chester, Inc., which is the nonprofit name for CCCS under which it files its 990 tax form.
The CCCS charter already received more than $2.5 million from the CARES Act, intended for public schools. So CCCS, which aims for a complete takeover and privatization of its district, is funded both as a “public school” and a small business.

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