Netflix CEO Reed Hastings Begins $100M Fund for Schooling

Netflix co-founder and CEO Reed Hastings needs extra youngsters to have entry to a very good faculties. To that finish, the tech billionaire introduced Tuesday he has began a $one hundred million philanthropic fund for teenagers’ schooling.

Hastings stated in a Fb submit that the Hasting Fund’s first two presents, totaling $1.5 million, would go to the United Negro School Fund and the Hispanic Basis of Silicon Valley for school scholarships for black and Latino youth.

"I am so blessed to have the ability to do that, and I hope to do extra sooner or later. Because of all of you who’re Netflix members or staff for making this attainable," he stated.

Hastings is a longtime supporter of childhood schooling and prior to now has given tens of millions to constitution faculties.

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He is amongst numerous rich tech execs who’ve pledged a portion of their wealth to enhance and broaden studying alternatives for younger individuals.

Associated: 5 Years Later, Zuckerberg Says $100M Newark Faculty Donation a Success

Maybe probably the most notable is Fb CEO Mark Zuckerberg, who alongside together with his spouse Priscilla Chan donated $one hundred million to the general public faculty system in Newark, New Jersey, in 2010. Extra just lately, they introduced they might open a personal faculty for underprivileged youngsters in East Palo Alto, California, that Chan would head. The facility couple additionally stated they might commit ninety nine % of their Fb shares on philanthropic tasks over the course of their lifetimes.

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