Loeb Donates $15 Million to Success Academy for High Schools

Dan Loeb with Success parent Natasha Shannon and Raymond McGuire

By Amanda L Gordon 

Activist investor Dan Loeb isn’t backing down.

Loeb, who has angered teacher’s unions and politicians for supporting charter schools, is giving $15 million to Success Academy, its founder Eva Moskowitz said Monday night at a benefit for the New York network of 46 schools. The gift from the foundation that he created with his wife will establish the Loeb Fund to Reimagine the American High School.

“Several years ago, Margaret and I recognized that for our students to excel in college and beyond, Success Academy had to develop an entirely new model for public high school," Loeb, 56, founder of Third Point LLC, said in a statement.

Click here for the full article. 

Source: BloombergMarkets (via Empire Report New York)