Dive Brief:

• The Jack Kent Cooke Foundation is giving away $500,000 to selective public high schools in six states, with the intention of aiding in the admission and graduation of low-income students.
• The grant is expected to impact 1,500 K-12 students in Arizona, Maine, Maryland, North Carolina, Pennsylvania, and Virginia. 
• The Jack Kent Cooke Foundation is known for helping exceptional low-income students meet their potential.

Dive Insight:

"We want to give low-income students who are really smart an equal opportunity to succeed,"  Harold Levy, executive director of the Cooke Foundation, said in a press release. "Helping high-ability students with financial need fulfill their potential has significant implications for the social mobility among America's lower-income families and for the strength of our economy."

The grants are specifically going to elite high schools with the idea that they will best prepare exceptional low-income students for college and careers.