Jack Kent Cooke Foundation
The Jack Kent Cooke Foundation is a charity established by the estate of Jack Kent Cooke when it sold the Washington Redskins football team. It is tax exempt under Section 501(c)(3) of the Internal Revenue Code.
The foundation is one of the largest source of financial aid to economically disadvantaged students. Nearly 2,200 students have received Cooke Scholarships and thousands more have benefited from programs the foundation has funded through grants. Fifty-four percent of the scholarship recipients are the first generation of their family to attend college.
The $1 million Cooke Prize for Equity in Educational Excellence is the largest award in the nation given to an elite college for eliminating arbitrary barriers to admission and promoting the success of high-achieving students from low-income families. Vassar College in New York received the first Cooke Prize in 2015. Amherst College in Massachusetts became the second recipient of the prize in 2016.
As of July 2016, the foundation has a $641 million endowment. Harold O. Levy is its executive director.