Facebook donates $100 Million to Newark Public Schools

CEO and founder of Facebook, Mark Zuckerberg, has agreed to donate $100 Million dollars to the long troubled Newark public school system.

Facebook donates $100 million to Newark public schools

Gov. Chris Christie will cede some control of the state-run system to Mayor Cory A. Booker in conjunction with the huge gift, The New York Times’s Richard Perez-Pena reports. – source

The three men plan on making the announcement on Oprah on Friday.

Mr. Zuckerberg, who grew up in Westchester County, has no connection to Newark. However, met Mayor Cory Booker at a conference and talked about his plans for the city.

The $100 million for Newark is the initial gift to start a foundation for education financed by Mr. Zuckerberg. This would be by far the largest publicly known gift by Mr. Zuckerberg, whose fortune Forbes magazine estimated last year at $2 billion.