Facebook CEO Mark Zuckerberg Announces Startup:Education

Zuckerberg Donates $100 Million to Public Schools

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As noted earlier this week, Facebook CEO Mark Zuckerberg is donating $100 million to public schools, starting in Newark, New Jersey. He’s set up a foundation called Startup:Education. 

"Using my own Facebook stock, I’m creating the Startup: Education foundation with over $100 million to invest in educating and improving the lives of young people," sayz Zuckerberg in a blog post after announcing the news officially on Oprah. " I’m also challenging others who want to improve education in America to match my contributions."

Startup:Education - New foundation from Mark Zuckerberg"I’m excited to start this new project," he says. "I’ve been very lucky to have the education and opportunities I’ve had in my life and I look forwarding to participating in giving the 40,000+ students in Newark the same opportunities. Together, we can support a bold and thoughtful program for improving education, starting by making Newark a symbol of excellence."

As Facebook’s PR team is happy to point out, Zuckerberg has received a lot of praise for the move, including some from Bill Gates, how is somewhat portrayed as Zuckerberg’s idol in The Accidental Billionaires (the book that The Social Network is based upon). "Thank you, Mark, for this incredible gift to improve education. Your involvement in the years ahead — your thinking, your energy — will be even more important than your resources," says Gates.  "Improving education in this country is the key to its future, making it a just place, achieving the full potential of all students. There’s a lot to learn. Technology has a role to play, more resources, backing leaders like you have here. I’m excited to be on this journey together and thank you so much."

The foundation’s first project will be to  improve academic achievement for Newark students and create "a national model for rewarding excellence in education."

Newark Mayor Cory Booker (who Conan fans may remember from his banning of Conan O’Brien from the state of New Jersey) has also announced the creation of the Newark Education and Youth Development Fund, a separate non-profit organization whose goal is to secure an additional $100 million to match the challenge grant available through Zuckerberg’s foundation, as well as an additional $50 million to serve disaffected youth.

Zuckerberg’s move is timed as The Social Network nears its release painting Facebook’s CEO in what many perceive to be a negative light (read our review here). 

Facebook CEO Mark Zuckerberg Announces Startup:Education
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  • Bob

    That’s great! I like that I like that. How about Google founders Chris? They ever done anything like that? or did they require Analytics to be installed somewhere? :-) I think we should start a section here on WPN titled: Who’s given the most? That way we get these big dogs to share and help more of these causes. Great job Mark!

  • God Of Dignity

    Every day 10 million teachers get up and go to work with paper balls thrown at their heads in poor communities. They have done this for years.

    Once again, their efforts, their tears, their love will be missapropriated under the wing of one man, one leader, a super educated elitist who will retain all of the credit, all of the respect, and all of the dignity of hardworking people (teachers) in the trenches in Newark.

    Harvard thinks education will change the world and can be standardized…Is this a good idea? Maybe education is not the solution to equal opportunity.

  • http://embroideredpillow-s.com/ Lizzi

    That’s great over $100 million to invest in educating and improving the lives of young people.
    Start from the USA and do not forget another countries which contribute in Facebook.

  • Guest

    This is a PR stunt, nothing else!

    He realized that most people think he sucks and now he is on the move to improve his image. If he had done this six months ago, then kudos…now he is just trying to buy friends – on a very large scale.

    Mark Zuckerberg has shown time and again that he and Facebook only do what is to the benefit of Mark Zuckerberg and Facebook.

    Maybe calling it a ‘cheap move’ is not fitting, but so what? He is the same greedy little man he was yesterday.

  • Marc

    I hope everyone realizes that the 100 mil grant is for Newark new jersey only. And what about ever other city and state in the united states? If there Is going to be an impact made, it will most certainly start with the entire us population and not isolated on a single city.

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