What Size is Race to the Top?

Over at Swift & Changeable, Charlie Barone shows why Arne Duncan is a bigger Ed philanthropist than Bill Gates.

[Race to the Top is] a good chunk of change, no matter what anyone says (see chart below comparing RTTT to the combined funding of the Gates, Broad, and Walton foundations).

Second, Duncan’s already gotten several states to change their policies by dangling the money and making some candid observations about state policies. Imagine what Obama and Duncan can accomplish if they hang tough and keep the bar high.

Barone says, "Secretary Duncan has leveraged $100 billion in education federal stimulus funding, and his $5 billion Race to the Top initiative, to affect more change in state education policies in six months on the job than any U.S. Secretary of Education in history."