Zuckerberg, Chan donate $120M to San Fran schools
- In an exclusive interview with the Associated Press, Silicon Valley power couple Mark Zuckerberg and Priscilla Chan revealed a $120 million gift to San Francisco Bay Area public schools.
- The gift from the Facebook CEO and his wife, a former grade school teacher who is now a pediatrician, will be disbursed over five years and is the largest donation thus far from the $1.1 billion in Facebook stock pledged to the Silicon Valley Community Foundation by the couple.
- Through their foundation, Startup: Education, the couple hashed out with school administrators and local leaders the most immediate needs of local districts. An initial $5 million from the donation, for example, will address principal training, classroom technology, and easing the 8th-to-9th grade transition for students in the San Francisco, Ravenswood, and Redwood City districts.
Zuckerberg and Chan were named the most generous American philanthropists of 2013 in February, and this latest gift only further cements their claim to the title. In a recent interview with NBC, Chan also called education "an incredibly personal issue" for her as a first-generation college graduate. With that in mind, it will be interesting to see not only how this gift plays out, but how the couple impact education overall in the coming years — especially compared to (and in conjunction with) efforts by fellow philanthropists like Bill Gates and George Lucas.
- The Huffington Post Mark Zuckerberg, Priscilla Chan Donate $120 Million To California Schools
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