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Zuckerberg, wife gift $120M to CA schools
KCTV5.COM ^ | 29 MAY 2014 | AP

Posted on 05/30/2014 9:32:29 AM PDT by Extremely Extreme Extremist

MENLO PARK, Calif. (AP) - Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $120 million to public schools in the San Francisco Bay Area.

The gift, which the couple discussed in an exclusive interview with the Associated Press, will be spread over the next five years. It is the biggest allocation to date of the $1.1 billion in Facebook stock the couple pledged last year to the nonprofit Silicon Valley Community Foundation.

"Education is incredibly expensive and this is a drop in the bucket. What we are trying to do is catalyze change by exploring and promoting the development of new interventions and new models," Chan said in an interview Thursday at Facebook's Menlo Park, California, headquarters.

(Excerpt) Read more at kctv5.com ...


TOPICS: Business/Economy; Education
KEYWORDS:
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1 posted on 05/30/2014 9:32:29 AM PDT by Extremely Extreme Extremist
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To: Extremely Extreme Extremist

Pay raises for everyone!


2 posted on 05/30/2014 9:33:17 AM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: Extremely Extreme Extremist

pouring more money into the cess pool.


3 posted on 05/30/2014 9:34:20 AM PDT by morphing libertarian ( On to impeachment and removal (IRS, Benghazi)!!!)
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To: Gay State Conservative

based on seniority, of course. And hire a few more admins while you’re at it. And renovate the faculty lounge and the principal’s office.


4 posted on 05/30/2014 9:34:36 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Extremely Extreme Extremist

$120 mil to teachers unions and promoting fag lifestyle.


5 posted on 05/30/2014 9:34:57 AM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: Extremely Extreme Extremist

They don’t learn much from history do they?


6 posted on 05/30/2014 9:35:12 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Extremely Extreme Extremist

In related news, California school officials have announced the need for a tax increase to plug the $120,000,000 budget shortfall for the year after.


7 posted on 05/30/2014 9:35:45 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: Extremely Extreme Extremist

Now the state can afford Sodomy Demonstrators for the kids.


8 posted on 05/30/2014 9:36:11 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Extremely Extreme Extremist

What happens to all the lotto money I so foolishly spend on ?


9 posted on 05/30/2014 9:37:07 AM PDT by al baby (Hi MomÂ…)
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To: morphing libertarian

couldn’t he find some poor Appalachen schools?..or schools in Mississippi?.....but the San Fran area?...


10 posted on 05/30/2014 9:39:09 AM PDT by cherry
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To: Extremely Extreme Extremist

Why does Zuckerberg thing this $180 MM will not go down the same rat hole as the similar amount he gave to the Newark schools?


11 posted on 05/30/2014 9:40:05 AM PDT by C19fan
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To: cherry

The schools in those districts would probably make much better use of the money.


12 posted on 05/30/2014 9:43:11 AM PDT by Maine Mariner
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To: Extremely Extreme Extremist

Someone should do a story on all the billionaires over the past several decades who gave huge sums of money to failed cities like Newark and Detroit. It never works. The billionaires get suckered and some government bureaucrats and the Mafia get the money.


13 posted on 05/30/2014 9:43:27 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: cherry

Leftists love San Franstain ... lots of work there filling holes.


14 posted on 05/30/2014 9:43:48 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: morphing libertarian

“pouring more money into the cess pool.”

Indeed.


15 posted on 05/30/2014 9:43:57 AM PDT by Da Coyote
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To: Extremely Extreme Extremist

Bill Gates actually did something pretty similar and got roughly the same results.


16 posted on 05/30/2014 9:43:58 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Da Coyote

You can lead a horse to water.....


17 posted on 05/30/2014 9:44:49 AM PDT by dfwgator
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To: Extremely Extreme Extremist

Do the Zuckerbergs have no fireplaces in their homes to burn the cash in or toilets to flush it down?


18 posted on 05/30/2014 9:45:11 AM PDT by Above My Pay Grade (The people have the right to tell government what guns it may possess, not the other way around.)
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To: FReepers
5% Of Free Republics Community Donates.
What Is There To Say To Those Who CAN Donate But Won't?
Nothing.
There Is No Graphic Or Plea That Will Make Those Posters Take Up The Slack.
So 5% Supports The Rest.
How Conservative Is A Free Ride?



19 posted on 05/30/2014 9:48:47 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Extremely Extreme Extremist

pissing away 120 million to crap government school teachers’ unions.


20 posted on 05/30/2014 9:50:01 AM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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