Mark Zuckerberg family will provide $120 million to schools in San Francisco
Facebook boss and his wife Dr. Priscilla Chan decided to spend $120 million to education for the most disadvantaged area of San Francisco. The money will be distributed over five years.
Mark Zuckerberg is no stranger to charity work. It was even said “the greatest philanthropist of 2013.” Having donated $100 million in 2010 to schools in Newark, New Jersey, the owner of Facebook recidivism announcing the May 30, 2014 on his Facebook page with his wife Priscilla Chan, they will pay 120 million dollars for the most disadvantaged schools in the San Francisco Bay.
“This area is one of the world’s most successful and yet there are many schools that do not have sufficient resources, writes the leader of the social network. They welcome students whose parents have low incomes, from minority that does not necessarily come with a high school diploma.”
The donation will be made to the Education Fund Startup: Education launched in 2010 by the leader and his wife. It will then be responsible for distributing the money over the next five years.
Five million dollars for basic materials and technologies:
Mark Zuckerberg and his wife hope that “this money will give teachers the means to innovate in their classrooms and to support studies of these disadvantaged young people,” they said in an interview with the San Jose Mercury News. These investments are “a drop in the ocean of needs faced by these schools,” but “we see that targeted investments can become catalysts for much larger changes,” they added.
The first five million will be spent on core subjects (mathematics and English) and the development of technology in the classroom (Internet connection and supply of equipment). Funds will also be used to help students in the transition between college and high school. Recall that the personal wealth of the owner of the social network is estimated, according to the latest ranking of Forbes magazine at $28.5 billion.