The money is likely to be awarded in £5,000 grants and will be allocated over the next three years.
The organization has awarded 57 different schools 300 million dollars in grants to build 72 buildings.
As of 2012, awarded a total of $195,000 in grants.
In 2004 the Foundation awarded approximately $15.5 million in grants.
By the end of 2009, the Foundation had awarded more than $7.5 million in grants that have served 350,000 children.
Last year it awarded nearly $5 million in grants and scholarships.
So far, the commission has awarded $17 million in grants and pensions, including $2,500 to each of Tuesday's recipients.
The Department of Justice has awarded $3.4 million in grants to provide training to businesses and advocacy groups on the law.
Atlanta's city government awarded $130,000 in grants to neighborhood groups to plant trees.
As of 2011, the Fund has awarded nearly $390 million in grants towards advancing fundamental rights and opportunities for all.