Feeds

Zuckerchan toss another $120 MEEELLION to schools in charity push

Facebook boss and wife to fund classroom tech programs

The essential guide to IT transformation

Facebook boss Mark Zuckerberg is breaking out his wallet to further technology education and training in schools.

Zuckerberg and wife Priscilla Chan have announced that they will donate $120m to sponsor a program that will fund equipment in classrooms and provide training and support for students transitioning from primary to high school (8th to 9th grade).

The program, dubbed Startup: Education, will run for the next five years and will initially be offered in the San Francisco, Redwood City, and Ravenswood school districts in the Bay Area.

"Education is incredibly expensive and this is a drop in the bucket," Chan said in an interview with the Associated Press announcing the campaign.

"What we are trying to do is catalyze change by exploring and promoting the development of new interventions and new models," she said.

The donation is the latest in an ongoing philanthropic effort by the Facebook founder and his pediatrician wife. The couple has donated well over a billion dollars to local charities this year, including a $992.2m contribution to the Silicon Valley Community Foundation.

In 2012, Zuckerberg and Chan awarded the foundation with a package of Facebook stock which was at the time valued at $498.7m, and in 2010 the Facebook founder donated $100m to schools in Newark, New Jersey.

The philanthropic efforts have won Zuckerberg and Chan a place at the top of the US philanthropic donation rankings. The couple's cash contributions have topped those of fellow tycoons Phil Knight of Nike and Microsoft founder Bill Gates.

Least you worry that Zuck will donate himself into the poor house, rest assured that with an estimated net worth of $28bn, he still has plenty of cash to go around. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.