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Capital One Announces Five-Year, $265 Billion Community Benefits Plan in Partnership with Discover Financial Services

Jul 17, 2024•almost 2 years ago

Contract Type

partnership

McleanEducationNon ProfitE LearningEdtechLanguage Learning

Description

Capital One Financial Corporation has announced a five-year community benefits plan worth more than $265 billion in lending, investment, and philanthropy as part of its proposed acquisition of Discover Financial Services. The plan aims to expand economic opportunity for underserved consumers and support increased access to financial products and services.

Company Information

Company

Capital One

Location

Mclean, Virginia, United States

About

Khan Academy’s mission is to provide a free, world-class education to anyone, anywhere. It partners with more than 500 school districts and schools in the U.S. and has more than 160 million registered users worldwide. The academy’s lessons are available in more than 50 languages. The academy was founded by Khan, an MIT and Harvard Business School graduate who spent years tutoring in his spare time before launching the nonprofit in 2008. Khan Academy offers free lessons in math, science, and humanities, as well as offering tools for parents, teachers, and school districts to track student progress. The academy is piloting an AI guide called Khanmigo that is a tutor and teaching assistant. The academy said its learning system is “mastery based,” allowing students to master key concepts at a pace that’s right for them while staying at grade level. Yajnik is the former treasurer of NAF, a national network of education, business, and community leaders who work together to ensure high school students are college-, career-, and future-ready.

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Strategic partnership established
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