The Koch brothers have begun a nonprofit that will both fund poverty and education; the billionaire brothers' plan includes funding tuition assistance and schools' IT infrastructure.
The political and policy empire controlled by billionaire industrialist Charles Koch is building a non-profit wing its leaders say will work to address deep-seated social ills and “revitalize civil society.” Its initial efforts will focus on poverty and educational quality.
The organization, known as Stand Together, is still in its start-up phase but aims to raise $15 million this year, top officials told USA TODAY in the first interview about the new organization. Organizers described Stand Together as engaging in 'venture philanthropy' aimed at 'strengthening the fabric of American society.'"--Fredreka Schouten, USA Today
