Bottom Line Receives $15 Million Grant from Philanthropist MacKenzie Scott

 Bottom Line Receives $15 Million Grant from Philanthropist MacKenzie Scott

Chicago, Ill. -- Bottom Line (BL), a nonprofit organization dedicated to educational equity, has announced a $15 million grant from philantBottom Line is a nonprofit organization that works to eradicate the gaps in degree attainment rates by income and elevate racial equity and economic mobility for students of color. Bottom Line partners with degree-aspiring students of color as they get into college, graduate, and go far in life, by providing them with the individual support they need to persist, earn a degree, and successfully launch their careers. The organization’s
model is recognized for its rigorous, externally validated proof-of-impact on college enrollment, persistence, and graduation.

“We are honored to receive this significant gift from MacKenzie Scott, whose vision and generosity in philanthrop are unparalleled,” said Bottom Line’s CEO Steve Colón. “The grant is a highly significant acknowledgment
of the proven impact of our work and allows for expansion
of our model. By scaling up, we can shift the status quo and change the trajectory of racial equity in degree attainment and the economic gains that follow.”

The MacKenzie Scott grant will allow Bottom Line to accelerate implementation of its strategic plan, which focuses on: Planning and seed funding for growing the number of students served in existing regions; Infrastructure and resources to maintain consistently high programmatic
impact; Infrastructure and resources to maintain consistently high programmatic impact; and Investing in the long-term sustainability of the organization.

Expansion plans include increasing the number of students in the Massachusetts, New York, and Chicago regions that Bottom Line currently serves, while adding Ohio and two additional geographic regions. The goal is to directly serve 20,000 students annually, as well as reach 400,000
with the BL program model and tools through partnerships.

An independent research report on “The Bottom Line on College Advising: Large Increases in Degree Attainment” confirms the impact of current BL programs and the notable potential for expansion. Researchers found that
“students randomly offered BL advising are substantially more likely to earn a bachelor’s degree within 5-6 years of high school.” They found that the estimated impact of advising on bachelor’s degree attainment is roughly as large as the (conditional on aptitude) gap in degree attainment
between children from families in the first and fourth quartile of the income distribution.

It was also reported that “While the observed degree effects are quite consistent across different types of students, the fact that BL primarily serves students of color furthermore suggests that substantial expansion of the BL model could contribute to increased racial equity and
mobility in the U.S.”

Mr. Colón concluded, “We firmly believe that this gift is the result of sustained investments made by our national and regional funding partners over the past 25 years and a shared vision for success for our students. Their commitment to equity for Black and brown students is a key
contributor to Bottom Line’s success.”

Latest Stories

Latest Podcast

JERALD GARY- REGAL THEATER