Newark Schools to receive $100 million from Facebook founder

Posted by David Khoirul
Facebook Newark Schools Mark Zuckerberg

Newark schools of the US will receive foundation as much as $100 million from Facebook founder Mark Zuckerberg, as reported by The Wall Street Journal. Mark has been renown for his generosity.

Mark Zuckerberg, the 26-year-old founder and chief executive of Facebook Inc., plans to announce a donation of up to $100 million to the Newark schools this week, in a bold bid to improve one of the country's worst performing public school systems.

Newark spends about $22,000 a year on each of its 40,000 pupils, but only about half of its students graduate. Of those who do, only one-fifth go on to four-year colleges. More than 85% of the Newark students at community colleges need remedial help in math and English.

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