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Penn announces $100 million, 10-year gift to Philadelphia school district
The Penn for PILOTS movement, as well as other organizations including Jobs for Justice, had estimated that if Penn paid property taxes on its holdings, it would owe the city about $100 million a year. The groups proposed that Penn pay 40% of what it would owe, or about $40 million annually. It also proposed that all the money go into an educational equity fund dedicated to the school district. … Crediting the “power of mobilization” for the gift, Penn for PILOTS, in a statement, said that “the chronic underfunding of the Philadelphia public schools cannot be resolved with a limited commitment of ten annual payments; it requires a system of public finance that ensures that the city’s wealthiest institutions pay their fair share every year in perpetuity.”
UPenn Giving $100M to Philly Schools For Asbestos, Lead Removal
Penn for PILOTs, a group of university staff and faculty, also characterized the contribution as a "step" and hoped for a more systemic change that would more fully fund the district's needs.
Penn pledges $100 million to help fix Philly’s schools
For some university critics, the mere mention of Penn’s pledge as a “gift” or “donation” will rankle. Those critics believe Penn owes the city’s school system some sort of regular, voluntary payment.
Pa. schools need $4.6 million to close education gaps between affluent and poor districts
In 2015, a research report by The Education Trust, an independent national education policy organization, found that Pennsylvania has the second worse school funding gap in the nation … In recent years, members of the Penn community have called on the University to make Payments in Lieu of Taxes to support the Philadelphia School District and shrink the education gap. PILOTS are financial contributions that property tax-exempt organizations voluntarily make to local governments.
Student-run Penn yearbook wants to donate some profit to Philadelphia public schools, hopes others do the same
“We know anything we give can’t compare at all with the magnitude that Penn paying PILOTs [payments in lieu of taxes] would have,” said Keri Zhang, editor and chief of the student-run Penn yearbook. “Hopefully, we can make some small steps that build toward real impact.”
Penn Won’t Make Payments to Phila. Public Schools—So Its Undergraduate Student Yearbook Will
The Record, Penn's official undergraduate yearbook, plans to donate a percentage of its profits from 2021 yearbooks sales to The School District of Philadelphia in response to Penn’s refusal to pay Payments in Lieu of Taxes, known as PILOTs.
Phila. councilmember, Penn alum Helen Gym urges her alma mater to pay PILOTs amid pandemic
“The fundamental issue is that property taxes are the bread and butter of school funding, and the unjust and unconstitutional lack of funding for our public schools is a key reason why so much inequity exists across our city. Philadelphia’s greatest non-profit actors – many of which don’t pay property taxes – cannot be silent on this issue, and indeed should be proactive on this at every level," Gym said.
Despite COVID-19 pandemic, Penn’s endowment increases by $200 million to $14.9 billion
Despite incurring financial losses because of the COVID-19 pandemic, Penn’s endowment has increased from $14.7 billion to $14.9 billion for fiscal year 2020.
Disorientation Guide for first years critiques Penn’s impact on students, staff, and Phila.
“Penn likes to push this narrative of what they do as a school, like the fact that they support West [Philadelphia] though the Netter Center and other programs, but when you dig deeper and you look behind Penn’s lies, you see that there are so many issues Penn is completely unwilling to be transparent on,” Singh said.