Mark Zuckerberg And Wife Donate $120 Million To California Schools
Filthy rich Facebook CEO Mark Zuckerberg is breaking off the bay area in a biiiiiiig way. As in, $120 million big.
via TIME Magazine
The first $5 million will support the training of principals, ramping up classroom technology and helping kids prepare for high school
Facebook power couple Mark and his wife, Priscilla Chan, are continuing their philanthropic efforts with a pledge to donate $120 million to Bay Area schools over the next five years.
The couple spoke to the Associated Press about the hefty gift to San Francisco-area public schools, all of which is derived from the couple’s donation of $1.1 billion in Facebook stock to the Silicon Valley Community Foundation.
The couple’s donation, which will start with a $5 million gift to San Francisco, Ravenswood, and Redwood City schools for classroom technology and principal training, follows a $100 million donation Zuckerberg made to Newark, New Jersey schools four years ago.
Kudos to the Zuckerbergs for spreading their endless wealth!