AfterDawn: News

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.

Written by: Andre Yoskowitz @ 22 Sep 2010 23:58

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• 15 comments

• biglo30

  Good use of your money, helping to give back.

  23.9.2010 00:01 #1

• Pop_Smith

  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.
  

  http://www.megavideo.com/?v=V1VZAD0O <-- Brian Regan "Take Luck" video.
  
  "The only people who should buy Monster cable are people who light cigars with Benjamins." - Gizmodo

  23.9.2010 00:22 #2

• 21Q

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

  If you want a nice icon for your iPhone for afterdawn click on the link below. There is a two second delay before the redirect so act fast! http://www.freewebs.com/21qz/afterdawn.html
  
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  23.9.2010 00:37 #3

• Hyasuma

  donate to us please
  

  23.9.2010 01:38 #4

• 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.
  

  Powered By
  
  

  23.9.2010 02:21 #5

• 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.

  23.9.2010 05:51 #6

• 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

  23.9.2010 08:23 #7

• ChiknLitl

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

  23.9.2010 15:42 #8

• DVDBack23

  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!
  

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  23.9.2010 16:24 #9

• HxCMANIAC

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

  23.9.2010 16:39 #10

• bandoogie

  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.

  23.9.2010 17:25 #11

• Run4two

  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.

  23.9.2010 19:52 #12

• Baggio90

  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.

  24.9.2010 10:24 #13

• borhan9

  Mini Bill Gates :P

  24.9.2010 15:58 #14

• Schmick

  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 ^

  25.9.2010 07:33 #15