Facebook Founder to Donate $100 Million to Help Remake Newark’s School.
Mark Zuckerberg, chief executive and a founder of Facebook, has agreed to donate $100 million to improve the long-troubled public schools in Newark. For now, at least, the arrangement tightens an already friendly relationship between the governor, a Republican, and the mayor, a Democrat who was once seen as a likely challenger for the State House in 2013. It also promises to be a rare happy moment in a state troubled by budget crises, scandals, political infighting and, most recently, the loss of a $400 million federal education grant because of a clerical error. The $100 million for Newark is the initial gift to start a foundation for education financed by Mr. Zuckerberg. This would be by far the largest publicly known gift by Mr. Zuckerberg, whose fortune Forbes magazine estimated last year at $2 billion.http://www.nytimes.com/2010/09/23/education/23newark.html?_r=1&ref=technology
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