In 2011, head of the foundation and professional basketball player
LeBron James was researching the high school dropout rate of his hometown Akron and decided upon review to create the "I PROMISE" initiative, focused on supporting the youth in his childhood community. In November 2017, the Foundation expressed to the
Akron school board their desire to create a school that aims to assist disadvantaged children with their studies. The plans were approved later that month and subsequent development of the school was initiated. James, having grown up in Akron, struggled as a student due to unstable conditions at home. His mother was unsuccessful in finding a permanent job, forcing the family to move multiple times. James considers the school's founding as the most important professional accomplishment of his life. The LeBron James Family Foundation is funding additional services for the children and families attending IPS. Some of these services include uniforms, food for families, career placement services, bikes and helmets for each student, transportation for qualified individuals, and
GEDs and job placement services for parents according to Akron School District spokesman Mark Williamson. Free tuition to the
University of Akron for every graduating student is covered under the pre-existing Akron I Promise Network Scholarship, which was developed between the University of Akron, the LeBron James Family Foundation, and
JPMorgan Chase in 2015. To qualify, Akron public school students must graduate high school with a minimum 3.0 grade point average. Additionally, the University of Akron provides eligible Akron Public School graduates full tuition under the separate Innovation Generation Scholarship. The Foundation has contributed an estimated $2 million in start up costs, though the number will change annually based on community needs. Prior to 2018, the IPS building had housed students in the school system that were displaced by schools which were being rebuilt. The Akron School District will bear more than half of the costs once it is fully running. I Promise will eventually cost about $8 million a year to run out of the district's regular budget, covered mostly by shifting students, teachers, and money from other schools, the district says. == Student body ==