Here at Manhattan GMAT we are incredibly proud of the exploits of our founder and chairman, Zeke Vanderhoek.  Zeke departed MGMAT in order to found TEP, a charter school in Washington Heights dedicated to attracting better teachers to the profession. TEP is paying its teachers $125,000 per year plus bonuses to teach underprivileged children.  The school has generated a lot of attention as a result of its innovative approach; the New York Times has been covering TEP every step of the way (here and here).

Imagine a world where teachers are paid handsomely (without increasing overall costs, TEP pays higher salaries by removing administrators and asking more of its teachers).  More talented young people would choose and stay in teaching as a profession.  Better teachers would produce better outcomes.  In a generation or so, we’d be in a lot better shape!

Now, TEP is only a month away from opening its doors to 120 fifth graders.  TEP will be making use of a temporary facility for the first several years, but will need a permanent home by the time it expands to its full-size of four grades.

To help TEP in its drive for a permanent facility, Manhattan GMAT is proud to donate 10% of the Company’s revenues in the month of August to TEP.  The donation will be made early next year.  We’re tremendously excited to support Zeke’s vision, as we know from experience that if you pay teachers more and expect more out of them, they’ll deliver results!  🙂

Here’s to TEP, higher pay for teachers, and improving the American educational system by making teaching the attractive profession it should be for the best and brightest!