http://en.wikipedia.org/wiki/Chicago_Annenberg_ChallengeThe Chicago Annenberg Challenge (CAC) was a Chicago public school reform project from 1995 to 2001 that worked with half of Chicago's public schools and was funded by a $49.2 million, 2-to-1 matching challenge grant over five years from the Annenberg Foundation . The grant was contingent on being matched by $49.2 million in private donations and $49.2 million in public money.<1> The Chicago Annenberg Challenge was one of 18 locally designed Annenberg Challenge project sites that received $387 million over five years as part of Walter Annenberg's gift of $500 million over five years to support public school reform. The Chicago Annenberg Challenge helped create a successor organization, the Chicago Public Education Fund (CPEF), committing $2 million in June 1998 as the first donor to Chicago's first community foundation for education.
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The final Board of Directors of the Chicago Annenberg Challenge in 2001 were:
Patricia Albjerg Graham
Barack Obama
Edward Bottum, managing director of Chase Franklin Corp.; former president and vice chairman of Continental Illinois Bank
Connie Evans, founder and president of the Women's Self-Employment Project
Susan Blankenbaker Noyes, former labor attorney at Sidley & Austin; daughter of Republican former Indiana state senator Virginia Murphy Blankenbaker; goddaughter of Patricia Albjerg Graham
Scott C. Smith, president, CEO and publisher of the Chicago Tribune; former president, CEO and publisher of the South Florida Sun-Sentinel of Fort Lauderdale; former chairman of the South Florida Annenberg Challenge
Nancy Searle, consultant to the Searle Funds at the Chicago Community Trust
Victoria Chou, dean of the College of Education at the University of Illinois at Chicago
John W. McCarter, Jr., president and CEO of the Field Museum
Jim Reynolds, Jr., co-founder, chairman and CEO of Loop Capital Services
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Also, note that Ayers wasn't even on the Board. He wrote the grant proposal and, whether the Republicans like it or not, he is now a well-respected professor in his field.