Netflix CEO Reed Hastings Pronounces $100M Philanthropic Schooling Fund

Netflix CEO Reed Hastings Announces $100M Philanthropic Education Fund

Reed Hastings took to Fb Tuesday to announce that he can be personally funding a brand new $one hundred million philanthropic fund, focusing solely on schooling-associated tasks and organizations.

The mission on the web site’s homepage particulars a dedication to enhancing the tutorial expertise of youngsters.

Presently, too many youngsters should not have entry to superb faculties. Our purpose is to associate with communities to considerably improve the variety of college students who’ve entry to wealthy and holistic instructional experiences.

The fund, referred to as the Hastings Fund, might be kicking off its giving with two presents totaling $1.5 million for the United Negro School Fund and the Hispanic Basis of Silicon Valley in an effort to assist “help school schooling of Black and Latino youth,” Hastings stated within the publish.

Hastings stated that Neerav Kingsland can be main the Hastings Fund as CEO.

On his private weblog, Kingsland famous that he felt “very grateful to be working with such extraordinarily considerate philanthropists.” Kingsland will proceed to work with the Laura and John Arnold Basis the place he has served as a Senior Schooling Fellow since July of final yr.

“There are so much college students on this nation who don’t have entry to superb faculties,” Kingsland continued. “Hopefully, this will change.”