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SCHWAB FOUNDATION OFFERS TRAINING INSTITUTE $10 MILLION

October 22, 1999

The Schwab Foundation for Learning is offering to donate $10 million to All Kinds Of Minds, an institute for educational development for special needs children -- but there is a catch. The money is in the form of a challenge grant to help the institute raise further funds for its programs, which include teacher training and parent support services. All Kinds of Minds must raise an additional $20 million over five years to gain access to the Schwab funds.

All Kinds Of Minds plans to use the money to expand its teacher and clinician training, which is currently available through 10 regional training sites in New York, Cleveland, Grand Rapids, Mich., Albuquerque, Los Angeles, Tulsa, Okla., Palo Alto, Calif., Irvine, Calif., Princeton, N.J., and Chapel Hill. The Institute also plans to open centers to help parents get profiles of their children and develop plans to address their difficulties.

All Kinds Of Minds, which is partly funded by grants from the U.S. Department of Education, develops programs to help families, educators and clinicians help students with learning and other disabilities. The programs are based on a plan developed by founder Dr. Mel Levine, a developmental behavioral pediatrician and researcher. All Kinds Of Minds is affiliated with the University of North Carolina-Chapel Hill, where Levine is a professor of pediatrics and director of the school's Clinical Center for the Study of Development and Learning.

The Schwab Foundation, started by Wall Street financier Charles Schwab and his wife, Helen O'Neill Schwab, characterized the arrangement as a "strategic alliance between two organizations that share a similar vision." The Schwab Foundation provides an online resource for families of children with learning disabilities.8