Penn students give out $100K in philanthropy class

By

PHILADELPHIA (AP) — University of Pennsylvania students taking a course about philanthropy and nonprofits are learning more than just theory.

The urban studies students actually gave away $100,000 at the end of the semester last week.

The money came from the Texas-based Once Upon A Time foundation. President Sam Lett says the goal is to teach students the importance of giving back "in a thoughtful manner."

The Ivy League school in Philadelphia is one of 13 U.S. colleges receiving such a grant this school year. Others include Harvard, Northwestern and the University of Chicago.

Penn students say they were excited and nervous to apply their learning in a real-world scenario.

They requested funding proposals from local nonprofits, conducted site visits and interviewed administrators before ultimately choosing grant recipients.

©2014 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.