On Friday, Facebook founder Mark Zuckerberg will be on the Oprah show with Mayor Cory Booker of Newark, New Jersey. On the show, Zuckerberg will formally announce the establishment of a $100 million fund to improve education in America. His focus will be Newark, New Jersey, the struggling city just across and down the river from where Zuck grew up. Booker will announce that he is attempting to find donors to match the donation, for a $200 million boost to the struggling school system with its $940 million budget.
The generous donation, which could have a major impact on improving the quality of schools in the city, across the river from Manhattan, echoes a $100 million donation by the Bill and Melinda Gates Foundation to education in the city of Tampa, Florida, last year.
Zuckerberg, who has kept his charitable donations private until now, was persuaded to establish the foundation after meeting with Booker at some unnamed event in some undisclosed location. All of this leads to one conclusion: Mr. Reed, start hosting education events and inviting high-tech billionaires.
Read More at the Wall Street Journal.