Alliance for Education Act of 1987

Alliance for Education Act of 1987 - Authorizes the Secretary of Education to make grants to eligible alliances (i.e., alliances between a local educational agency and business concerns, nonprofit private organizations, institutions of higher education, museums, libraries, educational television stations, and appropriate State agencies).

Authorizes appropriations for FY 1988 through 1991.

Allows grant funds to be used for: (1) model cooperative programs applying private and nonprofit sector resources to elementary and secondary schools; (2) projects to encourage business and other alliance participants to work with educationally disadvantaged and with gifted students; (3) projects to apply community resources to improve elementary and secondary education; (4) projects to enrich the career awareness of secondary school students; (5) statewide activities including the development of model State statutes for the support of cooperative ties between the private sector and schools; (6) special staff training projects; (7) academic internship programs; and (8) tutorial and volunteer work in elementary and secondary schools by personnel assigned from business concerns and other alliance participants.

Establishes an Alliance for Education Board within the Department of Education. Sets forth membership requirements and duties of the Board.

Sets forth grant application criteria, including assurances of a non-Federal share and continuation of activities after the grant period.

Sets forth application approval requirements.

Sets forth requirements for a declining Federal share of costs.

Sets forth evaluation and dissemination requirements.