Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
About four years ago Zuckerberg channelled $100 million to improve schools in the New Jersey city of Newark. He noted in his post that much of the work started in Newark is still in progress/XINHUA-File

Top Story

Facebook’s Zuckerberg pumping $120mn into local schools

About four years ago Zuckerberg channelled $100 million to improve schools in the New Jersey city of Newark. He noted in his post that much of the work started in Newark is still in progress/XINHUA-File

About four years ago Zuckerberg channelled $100 million to improve schools in the New Jersey city of Newark. He noted in his post that much of the work started in Newark is still in progress/XINHUA-File

SAN FRANCISCO, May 30 – Facebook billionaire Mark Zuckerberg put out word late Thursday that he and his wife Priscilla Chan are pumping $120 million into San Francisco Bay Area schools.

Distribution of the money will be spread over five years, with initial grants going toward initiatives for providing computers and Internet access in public schools as well as training teachers and enlisting parents in efforts to keep students on track.

“The Bay Area is one of the most prosperous places in the world, but there so many schools here that don’t have the resources they need,” Zuckerberg said in a post on his Facebook page.

“Improving public education in our country and our community is something Priscilla and I really care about, and we want to change this.”

Part of the focus for grant money from his Startup: Education fund will be to start new district and charter schools that provide high quality education.

About four years ago Zuckerberg channelled $100 million to improve schools in the New Jersey city of Newark. He noted in his post that much of the work started in Newark is still in progress.

“The investments we’ve made are a drop in the bucket compared to the challenges schools face,” Zuckerberg said.

“But we’ve seen that targeted investments can be catalysts for much bigger changes in communities.”

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...