Jim Simons, the renowned mathematician is paying an extra $15,000 per year to NYC teachers

jim simons

Compared to other advanced countries, teachers in America are poorly paid. Jim Simons, the renowned mathematician is trying to do something about it. He is now working to support the next generation of math teachers and scholars by paying them an extra $15,000 per year.

We give them extra money, $15,000 a year. We have 800 math and science teachers in New York City, in public schools today, as part of a core, said Jim Simons.

Simons, the founder of $22 billion Renaissance Technologies has been channeling money to deserving math and science teachers through his philanthropic organization, Math for America, which he started nearly 20 years ago with his wife, Marilyn Simons. Jim Simons left Renaissance Technologies six years ago to work full time with the foundation.

Yeah – instead of beating up the bad teachers, which has created morale problems all through the educational community, in particular in math and science, we focus on celebrating the good ones and giving them status, Simons said.

 

Image Credit: bicmr