Education Funding

Banker Donates $22 Million to Va. Teacher-Prep School

By Bess Keller — October 12, 2004 1 min read
  • Save to favorites
  • Print

The donor of $22 million that will help build a new home for the University of Virginia’s Curry school of education did not attend the school or even the university. He does not plan to name the building after himself. And he has never been an educator.

So when banker Daniel Meyers says his gifts over the past two years—believed to be the second largest in total ever to a teacher-preparation school—are not about him, it makes sense.

“It’s an investment in trying to get a group of people in the trenches for an at-risk population,” explained the co-founder of the Boston-based First Marblehead Corp., which offers services to private education-loan providers.

Mr. Meyers, 41, said he is impressed by the school’s focus on children whose economic or family circumstances present them with challenges.

He has asked that the new building, which will house parts of the education school now scattered around the university’s Charlottesville campus, be named for an 8th grade history teacher and coach who devoted his life to inner-city children in Malden, Mass. Anthony D. Bavaro was a family friend and father figure to Mr. Meyers, whose own father died when the banker was 10. Mr. Bavaro died two years ago at 64.

“I just don’t think you name an entity like an education school after bankers,” Mr. Meyers said. “I think you try to find the best role model [for educators] you possibly can.”

Mr. Meyers, who graduated from Brandeis University in Waltham, Mass., got to know the head of the Curry school more than a decade ago after approaching him for advice on using the securities market to finance student loans. That acquaintance with Dean David W. Breneman, an expert on higher education economics, eventually led to the gifts.

Related Tags:

Events

Professional Development K-12 Essentials Forum Getting Professional Development to Stick
Join this free virtual event to explore best practices, funding, format, and timing for teacher and principal PD.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
College & Workforce Readiness Webinar
The Road to Opportunity: Making CTE Accessible for All
The most valuable CTE happens off campus. For too many students, transportation is the barrier that keeps opportunity out of reach.
Content provided by HopSkipDrive
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Recruitment & Retention Webinar
New Hire, No Laptop, No Login: Preventing Day-One Disruption
What happens before day one matters. Discover how districts are improving the new hire experience.
Content provided by Frontline Education

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Funding Video Tornado Threats Are a Constant. But Funding for a Safe Room Is Lagging
A school district has waited four years and counting to begin work on a tornado shelter funded with federal dollars.
1 min read
Education Funding Congress Is Working on a New K-12 Budget. See What's Proposed for Key Programs
House lawmakers advanced major cuts to Title I and several competitive grant programs.
1 min read
CapHillJune05
Members of the U.S. House appropriations subcommittee for Labor, Health and Human Services, and Education adjourn after approving a 2027 spending bill in an 11-7, party-line vote at the U.S. Capitol in Washington on June 5, 2026. The spending bill from House Republicans cuts $1.6 billion from Title I.
Marvin Joseph/Education Week
Education Funding House GOP Endorses Education Cuts as Talks on Trump's Budget Begin
House appropriators want to cut Title I by 9%—a cut President Donald Trump hasn't proposed.
5 min read
A worker walks amid the Hall of Columns in the House of Representatives at the Capitol in Washington, on Oct. 4, 2023.
A worker walks amid the Hall of Columns in the House of Representatives at the Capitol in Washington, on Oct. 4, 2023. A U.S. House subcommittee has released a budget bill that includes billions of dollars in education cuts.
J. Scott Applewhite/AP
Education Funding White House Blocks $2 Billion for Education: See All the Affected Programs
We're tracking federal education funding that Trump's federal budget office has stalled.
3 min read
Image of the white house.
The southern facade of the White House in Washington pictured in September 2024. The White House budget office is holding back more than $2 billion in congressionally approved funds from U.S. Department of Education accounts.
Getty