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As I wrote about before, Mark Zuckerberg gave $100 million to the Newark, New Jersey, school system, and they promptly wasted it.
You’d think a guy as smart as Zuckerberg would learn after throwing $100 million into the toilet, but it appears he needs to learn his lesson again, this time on the west coast:
Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $120 million to the San Francisco Bay Area’s public school system.
The couple’s gift will be spread over the next five years and 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.
My favorite part of this? They’re already making excuses as to why this won’t help:
“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.
New models?
Do you think the teacher’s unions and the educational industrial complex is going to allow “new models?”
They didn’t in Newark.
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