Disbanded Billionaire Education Fund Takes a Reputation Down with It – Non Profit News

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September 24, 2020; Hartford Courant

NPQ would love to stop writing about failed partnerships between public schools and billionaires, but they keep getting started and running aground as fast as their benefactors pillage the economy.

One such failure is the Partnership for Connecticut, funded for $100 million by hedge fund billionaires Ray and Barbara Dalio to be matched by the state. The partnership closed up shop three months ago after spending less than a year in existence, but still it had time to become embroiled in a controversy around the leadership of one Mary Ann Schmitt-Carey, whose tenure lasted just two months. She claims her reputation was dragged through the mud after Ray Dalio realized she did not wish to be dictated to.

Her lawyer says she refused to simply be used as a rubber stamp when she was the one with the education experience.

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