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Billionaires Donate $10 Million To Fund School Care During Shutdown

Tue, October 8, 2013 3:17pm EDT by Kristine Kowalski 3 Comments
Billionaire Couple Donate $10 Million
Courtesy Of Laura & John Foundation

A philanthropic billionaire couple was so passionate about making sure the Head Start initiative — which provides educational programs for low-income children ages 3-5 — could stay open during the US government shutdown, they donated a huge sum of $10 million of their own money to make sure the nation’s poorest children get the care they need.

John and Laura Arnold made a huge move in keeping Head Start education programs running during the United States government shutdown. They dipped into their massive personal fortune to help fund the worthy cause. Their donation means that 7,000 children from low-income families will continue to receive the benefits of care programs during the shutdown.

Billionaire Couple Donate $10 Million To Fund Head Start School Program

The Arnolds have a reported personal fortune of $2.8 billion, but a $10 million pledge is no small sum! Their hefty donation will keep 7 Head Start program centers in six states open during the government shutdown, providing 7,000 of the nation’s poorest students with educational programs and care in situations where parents may not be able to afford alternative means of care.

The pair founded the Laura and John Arnold Foundation which has a substantial K-12 initiative program, but they were so concerned with making sure Head Start continued during the shutdown, they used their own money — not the foundation’s funds — to help.

The couple’s publicist released a statement:

The Arnolds were both quite moved after learning about the impact the government shutdown would have on so many Head Start children, so they came forward personally, rather than through their foundation, and offered this assistance as their way of helping.

The couple also spoke out about their donation in a statement:

We believe that it is especially unfair that young children from underprivileged communities and working families pay the price for the legislature’s collective failures. We sincerely hope that our government gets back to work in short order, as private dollars cannot in the long term replace government commitments.

The couple has three children of their own, so their efforts make sure kids who come from less privileged families are given the educational opportunities that they deserve.

U.S. Government Shutdown

The United States government shut down on Oct. 1 when Congress failed to agree to on a spending budget following a rejection of the Obamacare bill including an individual mandate. As a result, over 800,000 government employees across the country were furloughed and out of work, forcing government-run institutions to close down. Head Start was one of countless organizations relying on government funding to stay open and working during the shutdown.

What do YOU think, HollyMoms? Are you shocked that John & Laura donated so much money?

— Kristine Hope Kowalski

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