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Zuckerberg to give $100 million to Newark public schools

Written by Andre Yoskowitz (Google+) @ 22 Sep 2010 23:58 User comments (15)

Zuckerberg to give $100 million to Newark public schools According to the NYTimes, Facebook CEO Mark Zuckerberg will donate $100 million dollars to the Newark, New Jersey public school system, which has long been underfunded.
The donation will be made official on an upcoming Oprah Winfrey show.

Furthermore, the gift would be the first "installment in an education endowment" to be started by the world's youngest multi-billionaire.

While he is currently not worth much, when Facebook eventually goes public Zuckerberg's fortune has been estimated at between $5 - $7 billion.

Currently, the Newark schools have an $800 million annual operating budget, so Zuckerberg's gift is more than significant.

The only condition of the gift is that the state give back "some" control of the city's school system to mayor Cory Booker.

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15 user comments

123.9.2010 0:01

Good use of your money, helping to give back.

223.9.2010 0:22

Quote:
While he is currently not worth much, when Facebook eventually goes public Zuckerberg's fortune has been estimated at between $1.6 - $3.5 billion.
While I'm glad to see him giving a bunch of money to a great cause, isn't the $100 million more of a pledge?

Zuckerberg probably has a current net worth of under $1 million and can't "give" the school $100M that he doesn't have, unless he is giving them a percentage of his future Facebook stock.
This message has been edited since its posting. Latest edit was made on 23 Sep 2010 @ 0:24

"The only people who should buy Monster cable are people who light cigars with Benjamins." - Gizmodo

323.9.2010 0:37

I go to college in this city. You guys don't understand how badly they could really use this money.

This message has been edited since its posting. Latest edit was made on 23 Sep 2010 @ 0:37

423.9.2010 1:38

donate to us please


Being nice always has its own consequences

523.9.2010 2:21

Alot of public Schools are being underfunded, in all major states.

before long Hobo's are going to be teaching our children, the Govt cant afford proper teachers.
__________________________________________________________________

When im done with my time machine im going to go back in time and
kill the moron that tied in Yearly aptitude Tests with school budgets.


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623.9.2010 5:51

Originally posted by DXR88:
Alot of public Schools are being underfunded, in all major states.

before long Hobo's are going to be teaching our children, the Govt cant afford proper teachers.
__________________________________________________________________

When im done with my time machine im going to go back in time and
kill the moron that tied in Yearly aptitude Tests with school budgets.
The schools are bad by design; the government does not want people thinking. This $100 million will just go towards more brainwashing.

723.9.2010 8:23

Originally posted by KillerBug:
Originally posted by DXR88:
Alot of public Schools are being underfunded, in all major states.

before long Hobo's are going to be teaching our children, the Govt cant afford proper teachers.
__________________________________________________________________

When im done with my time machine im going to go back in time and
kill the moron that tied in Yearly aptitude Tests with school budgets.
The schools are bad by design; the government does not want people thinking. This $100 million will just go towards more brainwashing.
CORRECT! They are DELIBERATELY dumbing down all our children in accordance with AGENDA 21. Please You Tube this information: "Agenda 21 For Dummies". It's real, it's UNITED NATIONS mandated and is HAPPENING. Get used to being broke. America will burst soon and is taking the dollar with it. Be a sheeple if you want... or wake the hell up.
http://www.infowars.com

823.9.2010 15:42

Zuckerberg made the Forbes 400 list, his value at approximately $6 Billion. His value is higher than Steve Jobs. ---Chikn

923.9.2010 16:24

Originally posted by ChiknLitl:
Zuckerberg made the Forbes 400 list, his value at approximately $6 Billion. His value is higher than Steve Jobs. ---Chikn
http://www.forbes.com/profile/mark-zuckerberg

Thanks for the post, will update now!

1023.9.2010 16:39

Yes, Newark definitely needs this. New Brunswick does also. lol.

1123.9.2010 17:25

Originally posted by JAYMES71:
Originally posted by KillerBug:
Originally posted by DXR88:
Alot of public Schools are being underfunded, in all major states.

before long Hobo's are going to be teaching our children, the Govt cant afford proper teachers.
__________________________________________________________________

When im done with my time machine im going to go back in time and
kill the moron that tied in Yearly aptitude Tests with school budgets.
The schools are bad by design; the government does not want people thinking. This $100 million will just go towards more brainwashing.
CORRECT! They are DELIBERATELY dumbing down all our children in accordance with AGENDA 21. Please You Tube this information: "Agenda 21 For Dummies". It's real, it's UNITED NATIONS mandated and is HAPPENING. Get used to being broke. America will burst soon and is taking the dollar with it. Be a sheeple if you want... or wake the hell up.
http://www.infowars.com
Killerbug and Jaymes have it right. It's by design. The money won't change much unfortunately. Check out "The Deliberate Dumbing Down of America" by Charlotte Iserbyt.

1223.9.2010 19:52

Check out "The Death and Life of the Great American School System" by Dianne Ravitch, a key person in George Bush's No Child Left Behind legislation.

1324.9.2010 10:24

Imagine how much he could've pledged if he'd just sold the rights to the facebook film. I mean, they made it anyway, n he could've looked like a really super nice guy if then he'd put all the money into schools or charity or something else worthy.

1424.9.2010 15:58

Mini Bill Gates :P

1525.9.2010 7:33

http://newtech.aurum3.com/social-network...ers-dumb-fucks/

Probably just trying to get in early with some good PR before the movie comes out...


^ PEBKAC ^

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