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UC RIiverside And Bank of America Unveil $1 Millon Public-Private Partnership

UC RIiverside And Bank of America Unveil $1 Millon Public-Private Partnership

(December 3, 1999)

Riverside, Calif. - December 3, 1999 -More than 200 fifth- and sixth-graders at Highland Elementary School in Riverside joined in a morning press conference where the Bank of America Foundation and the University of California, Riverside unveiled a $1 million public-private partnership.

The Bank of America Foundation has committed $1 million to the UCR School of Education to help boost student achievement, expand the skills of teachers and help school principals hone their leadership skills in the Inland Empire.

"I applaud the Bank of America Foundation for investing in our state's most important institution -- public schools," said California State Assembly member Rod Pacheco, who attended the announcement. "This investment reflects the bank's commitment to the state's principals and teachers, whose efforts are most directly linked to the academic performance of students and schools."

The Bank of America Fund will finance a leadership institute for principals and lead teachers, connecting university research to classroom practice, and an annual educational summit for Inland Empire educators. The summit will focus on the academic achievements of Inland Empire schools and students, which will be chronicled in a "Report to the Region."

Liam E. McGee, president, Bank of America, Southern California, announced the details of the public-private partnership on behalf of the Bank of America Foundation. McGee noted that this gift is the foundation's largest commitment ever made in the Inland Empire region, and represents the bank's ongoing support of reforming education in the Southland.

"Young children today represent a great potential for our society, culture and economy if we can only find ways to work together to help them fulfill their intellectual and professional potential," said McGee. "The goal of this partnership is to do exactly that."

UC Riverside Chancellor Raymond L. Orbach accepted the gift on behalf of the university, and said that there is no better place to make this partnership work than the Inland region. The populations of Riverside and San Bernardino counties are expected to grow from 3.4 million to 4.5 million by the year 2010. The student enrollment in public schools in the Inland region has risen 41 percent in the past decade, double the statewide average.

"This is an extraordinary example of how the private and public sectors can work together to solve our community's greatest challenge - the quality of public education in the Inland Empire." said Orbach. "This gift is especially timely given that Governor Davis has signed legislation that will help raise student achievement levels."

Highlights of the Bank of America Fund include:

• The Bank of America Leadership Institute will directly link ongoing university research to hands-on applications in local schools. Each year, principals and lead teachers from the region's schools will meet to learn educational practices for improving student academic performance. The goal is to provide access to information that will help educators better serve their students.

• An annual Bank of America Educational Summit will bring local school district educators and university faculty together to evaluate the current state of education in the Inland region. An annual "Report to the Region" also will be distributed and will provide ongoing feedback to county offices of education and school districts about the academic performance of students, schools and districts.

• Additionally, the Bank of America Program in Leadership, Policy and Practice will provide an opportunity for a distinguished UC Riverside School of Education faculty member to organize and implement the Bank of America Fund projects.

"The Bank of America Fund will allow us to expand our outreach, and to make a bigger difference for students, for teachers, for schools and for the region," said Robert Calfee, dean of the UCR School of Education. "In partnership, we can do more than we can as individual institutions."

UCR leads the UC system in the number of teachers who earn teaching credentials, and is a proven leader in the support of curriculum reform in local schools. The Comprehensive Teacher Education Institute, a training program for future teachers run by UCR's School of Education, was named the nation's most distinguished program in teacher education by the nonprofit Association of Teacher Educators.

UCR is home to a 10-year-old research cooperative that enables public school administrators to set the university's agenda and a teacher education program that incorporates a year of hands-on student teaching. In 1998, U.S. News and World Report ranked the School of Education's research faculty as the nation's fifth most productive. Today, there are dozens of ongoing collaborative relationships in place between UCR and local schools in the Inland region.

"Bank of America is proud to be partnering with a university that has allocated its resources to improving public education with local outreach efforts," said Barbara Robinson, consumer executive, Bank of America, Southern California. "These funds will continue to sustain and expand UCR's network of partnerships with local schools."

Robinson also heads the Bank of America Foundation committee that makes contribution decisions for the Inland Empire region.

The Bank of America Foundation directs charitable giving on behalf of Bank of America. The Bank of America Foundation contributes financial assistance to nonprofit institutions and organizations that enhance the quality of life and promote public interest in the areas where the company conducts its business.

Bank of America, with $621 billion in assets, is the largest bank in the United States. It has full-service operations in 21 states and the District of Columbia and provides financial products and services to 30 million households and two million businesses, as well as providing international corporate financial services for business transactions in 190 countries. The company's stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges and certain shares are listed on the Tokyo St ock Exchange.

The University of California, Riverside is one of nine campuses of the University of California, generally recognized as the preeminent public university system in the world. Located in the Inland Empire of Southern California, the 1,200-acre campus lies at the foot of the Box Springs Mountains in Riverside, a city of about 250,000 people. Today, UCR is the most ethnically diverse campus in the UC system.

The University of California, Riverside ( is a doctoral research university, a living laboratory for groundbreaking exploration of issues critical to Inland Southern California, the state and communities around the world. Reflecting California's diverse culture, UCR's enrollment has exceeded 21,000 students. The campus opened a medical school in 2013 and has reached the heart of the Coachella Valley by way of the UCR Palm Desert Center. The campus has an annual statewide economic impact of more than $1 billion.

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