Leading NewEdge Wealth Financial Advisor, Patrick Dwyer on how philanthropists are impacting education in the U.S.

Education plays a significant role in society. That is why those fortunate enough in the world seek to invest in the education system. In the U.S., about 1.2 million students drop out of school every year due to high poverty levels. The most identifiable states with most cases of school dropouts are Maryland and New Jersey.

However, philanthropists like Bill Gates, Warren Buffett, Mark Zuckerberg, and many others have dedicated themselves to reforming the education system in the U.S. People like them and other wealthy individuals encourage charitable deeds for the sake of educational improvement in the United States. Bill Gates and his wife Melinda Gates formed a foundation called the Bill & Melinda Gates Foundation where they have invested over $200 million for active teaching initiatives in the U.S. and around the world.


Former president Barack Obama once suggested that the country would need international post-secondary education attainment by 2020 to remain at a competitive level globally. However, for that goal to be achieved by 2025, it would require a whooping 23 million college graduates. That would mean graduating more African Americans, Latinos, Native Americans, and Hmong students. However, that would be an onerous task as most students listed above have the lowest success in extending opportunities in the education sector. To achieve such a systematic reform in the education sector in the U.S., it would require a systematic solution such as the philanthropist community and the Federal Government working together to achieve success in the education sector. Research shows that an organized community has better chances of achieving success in educational outcomes.


In addition, to achieve the former president’s goal, the philanthropist community must ensure that their investments are successful, scalable, and reach the most affected in society. This initiative should be fair and sustainable to give all American children a better learning opportunity.


So far, the philanthropist community has impacted the education system in the United States in different but surprising ways such as;

  • Creation of better schools
  • Provision of better teachers and
  • Construction of better educational policies.


However, the philanthropist community must involve parents, youth, families, and the community while making funding decisions. Doing so ensures that there is accountability of the funds meant for their school systems.