Old National Foundation Gives KIPP Minnesota $5,000
This week, the Old National Bank Foundation, philanthropic arm of Old National Bank, presented a check for $5,000 to KIPP Minnesota to support the network’s efforts to address educational inequities in Minnesota.
Three times a year, the foundation presents grants to organizations throughout its footprint that fit the following strategic initiatives: affordable housing, early education, economic development, financial literacy and workforce development.
“The KIPP model is focused on supporting students holistically - it is not solely their academic performance, but their personal well-being that our teachers and staff support whole-heartedly. We are committed to confronting educational disparities so that our students are able to lead choice-filled lives,” said Executive Director of KIPP Minnesota, Nicole Boardman. “This work would not be possible without the generous support of partners like Old National Bank. Their grant is literally changing the course of opportunities afforded these amazing students.”
KIPP Minnesota is being awarded this grant for its early education efforts. The grant money will be used to support its expansion. KIPP will open its third school in North Minneapolis in August. The school, KIPP Legacy Academy, will welcome fifth and sixth-graders in its first year and will grow to a full capacity of 680 students over the next seven years in grades K-8.
“KIPP is an extremely promising public school that has made strong academic gains and continues to do so. They are committed to our children and families in North Minneapolis, where more great schools like KIPP are sorely needed,” said Sondra Samuels, the President and CEO of Northside Achievement Zone.
The new campus is part of KIPP Minnesota’s strategic plan to grow to five schools - two primary schools, two middle schools, and a high school - teaching over 1000 students in grades K-12 by 2026.
“KIPP is creating opportunity and molding these students into thriving future leaders,” Trent Bowman, VP, community development officer for Old National said. “Old National is proud to support KIPP’s mission.”
KIPP Minnesota is a network of college-preparatory public schools whose mission is to establish and operate high performing public schools in the Twin Cities that confront educational inequity by delivering academic excellence and cultivating leadership skills to ensure all students succeed in college and life.
About Old National Bank
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest financial services holding company headquartered in Indiana. With $20.1 billion in assets, it ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients. Today, Old National’s footprint includes Indiana, Kentucky, Minnesota, Michigan, and Wisconsin. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investments, and capital market services. For more information and financial data, please visit Investor Relations at oldnational.com.
About the Old National Bank Foundation
As part of Old National's commitment to charitable giving, the Old National Bank Foundation makes contributions to nonprofit organizations to fund large scope and large impact programs and/or projects that improve the quality of life in areas of Indiana, Illinois, Kentucky, Michigan, Minnesota and Wisconsin. The Foundation’s primary focus areas are affordable housing, early education, economic development, financial literacy and workforce development. Learn more at oldnational.com/giving.