From Stanley Kurtz:
During Obama’s time as Annenberg board chairman, Ayers’s own education projects received substantial funding. Indeed, during its first year, the Chicago Annenberg Challenge (CAC) struggled with significant concerns about possible conflicts of interest. With a writ to aid Chicago’s public schools, the Annenberg challenge played a deeply political role in Chicago’s education wars, and as Annenberg board chairman, Obama clearly aligned himself with Ayers’s radical views on education issues. With Obama heading up the board and Ayers heading up the other key operating body of the Annenberg Challenge, the two would necessarily have had a close working relationship for years.
From my previous post Why the Obama-Ayers Connection Matters:
The Chicago Annenberg Challenge (CAC) was phased out in 2001, after Obama and Ayers had spent the money, many times on nothing whatsoever to do with improving Chicago’s failing schools. The CAC became the Chicago Public Education Fund. Obama served on the Board’s Leadership Council for approximately, along with Bill Ayers’ father, Thomas Ayers, and Ayers’ brother John.