Friday, 24 June 2016
Last updated 1 hour ago
Jan 28 2014 | 1:04am ET
Kohlberg Kravis Roberts co-founder Henry Kravis was elected chairman of an education charity he donated $4 million to last year.
Kravis will lead the Sponsors for Educational Opportunity, which seeks to help prepare low-income students for college and business careers. The program makes an eight-year commitment to students, and offers them support through their college graduation.
“We’re thrilled to have Henry Kravis’ leadership to expand SEO Scholars and help more low-income students break the cycle of poverty by obtaining a college degree,” SEO CEO William Goodloe said. “He is deeply committed to the often-neglected students that SEO Scholars serves: those who are motivated to come to high school every day and wish to attend college.”
“SEO Scholars is a stellar model of what works, and it’s ready for expansion,” Kravis said. “The program’s nearly 100% college graduation is an incredible record of success.”
Kravis had given money to SEO every year since 2009, the year it began, and he and his wife’s gift last year doubled the number of available scholarships at the program.