Facebook CEO Donates $100 million to Newark’s Troubled School System

Wow. What a way to steal the thunder from the soon to be released movie The Social Network, in which reviewers claim it paints him as a total asshole. I don’t care if he is trying to save his image giving $100 million to the very needy Newark school system is a great move when most of these dudes give their money to some unheard of foundation.

Much Kudos to Mark and I hear the official announcement will be on Oprah tomorrow. And a tremendous shout-out goes to Mayor Corey Booker who is the mastermind behind this and should be our next President once President Obama finishes his two terms.

via Huff Post

Facebook founder and CEO Mark Zuckerberg will donate $100 million to help Newark public schools, according to the Wall Street Journal.

The Wall Street Journal writes,

Mr. Zuckerberg is setting up a foundation with $100 million of Facebook stock to be used to improve education in America, with the primary goal of helping Newark.The donation has the potential to be matched by another $100 million that Newark’s mayor, Cory Booker, has been working on raising from private foundations and others. […]

The $200 million that could be raised would amount to over 20% of Newark’s budget of $940 million.


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