Mark Zuckerberg just friended the city of Newark, New Jersey and it only cost him $100 million bucks. Turns out the FACEBOOK founder and CEO Mark Zuckerberg will donate $100 million to help Newark public schools, according to the Wall Street Journal. According to the Journal;
Mr. Zuckerberg is setting up a foundation with $100 million of Facebook stock to be used to improve education in America, with the primary goal of helping Newark.
The donation has the potential to be matched by another $100 million that Newark’s mayor, Cory Booker, has been working on raising from private foundations and others.
The $200 million that could be raised would amount to over 20% of Newark’s budget of $940 million.
This is an amazing look for Newark, NJ schools, looks like Zuckerberg and Cory Booker are expected to announce the CEO’s gift on Oprah Winfrey’s show this Friday.
Zuckerberg sparked a friendship with Booker at a conference and they both stayed friends with ‘no particular connection to Newark,’ Zuckerberg is just wanted to develop something with the the Newark Mayor that would help the students of his city.