// IP Marketing video - START// IP Marketing video - END

Facebook CEO pumping $120mln into San Francisco Bay Area schools

Facebook CEO pumping $120mln into San Francisco Bay Area schools

PanARMENIAN.Net - Facebook CEO Mark Zuckerberg put out word that he and his wife Priscilla Chan are pumping $120 million into San Francisco Bay Area schools, AFP reports.

Distribution of the money will be spread over five years, with initial grants going toward initiatives for providing computers and Internet access in public schools as well as training teachers and enlisting parents in efforts to keep students on track.

"The Bay Area is one of the most prosperous places in the world, but there so many schools here that don't have the resources they need," Zuckerberg said in a post on his Facebook page late Thursday, May 29.

"Improving public education in our country and our community is something Priscilla and I really care about, and we want to change this."

Part of the focus for grant money from his Startup: Education fund will be to start new district and charter schools that provide high quality education.

About four years ago Zuckerberg channeled $100 million to improve schools in the New Jersey city of Newark. He noted in his post that much of the work started in Newark is still in progress.

"The investments we've made are a drop in the bucket compared to the challenges schools face," Zuckerberg said. "But we've seen that targeted investments can be catalysts for much bigger changes in communities."

 Top stories
Facebook confirmed that this is an official effort, though it did not answer questions about how it works, how the data is used and retained.
It was not immediately clear whether Amazon will expand this model with more physical stores or offer the technology to other retailers.
The researchers found that iPhone users are also more likely to see their phone as a status symbol than Android users.
Suppliers say they have been asked to submit prototype screens with better resolution than ones from Samsung to differentiate its models.
Partner news