Bainum Family Foundation Announces 5-Year, $100 Million Funding Commitment to Early Childhood Education

The Bainum Family Foundation announced on Tuesday, July 23, 2024, a $100 million commitment to funding early childhood issue areas over the next five years — the largest single commitment in the foundation’s 56-year history. With this investment, the Foundation is doubling down on its mission to create lasting systems change for the well-being of children and families. The funding will provide grantees and partners with the stability they need to meet the needs of young children and their families while advancing transformative ideas and solutions to pave the way toward a more equitable future.

“Reimagining a system to support children and families requires giving those closest to the challenges the time and space they need to develop innovative solutions,” stated David Daniels, CEO and President of the Bainum Family Foundation. “Our financial commitment reflects our belief in this approach and is fueled directly by the guidance of our partners. We aim to show up in the way that is most meaningful to them. As we continue our journey as an organization, I encourage other philanthropies to explore partner-centric approaches anchored on community feedback and directed by those
closest to the work.”

The Bainum Family Foundation’s new investment comes at a time when American families, especially those with young children, cannot equitably access the resources they need to support their children during this critical developmental period. Lack of access to high-quality programs, skyrocketing costs, and inadequate pay and support for educators leave families with few options and put countless parents — especially women — on the sidelines of our economy. Black and brown communities are bearing the brunt of these impacts, deepening inequities that are only set to worsen with time. With the end of the federal child care stabilization program, more than 70,000 child care programs could close and about 3.2 million children could lose their spots in a child care program. Despite this extreme drop-off over the child care cliff, the crisis continues to go unaddressed.

Click here to read the full announcement. 

Source: The Bainum Family Founation