On Monday, President Obama announced new developments with his initiative, “My Brother’s Keeper.” During his announcement he shared that leaders at 60 of the nation’s largest public school systems have committed to expanding access to better preschools and advanced classes for minority boys. These leaders are also committed to preventing expulsions, suspensions and grade retention of these young men.

The Emerson Collective is playing a key role in “My Brother’s Keeper” by pledging $50 million to launch a competition that will allow them to design and develop the next generation of great high schools in the U.S.

Other great developments with the initiative include the NBA recruiting 25,000 mentors to work with at-risk students to increase performance, as well as an $18 million commitment from AT&T that will be used to support education programs and mentoring.