Mark Zuckerberg to make $100 mil gift to N.J.
Facebook CEO set to make announcement on 'Oprah' FridayFacebook co-founder Mark Zuckerberg is about to gain a lot more friends in New Jersey after offering to donate $100 million to help improve Newark's public schools, reports The New York Times. Zuckerberg, who according Forbes' 400 Richest People in America list released Weds. is worth $6.9 billion, is expected to make the announcement on Friday's "Oprah Winfrey Show."
Newark's Mayor Cory A. Booker sparked Zuckerberg's Newark-focused philanthropic effort after the men met at a conference last July. Booker had been traveling the country in an effort to raise funds for the city to offset state budget cuts and the recent loss of a $400 million federal education grant due to a clerical error.
Oprah Winfrey previously donated $500,000 to one of Newark's charter schools on behalf of Booker's efforts.
The $100 million gift from Zuckerberg, who is the focus of Columbia Pictures' "The Social Network" opening Oct. 1, will mark the largest amount ever publicly donated by the Facebook executive. Details of how the funds will be specifically used have not been disclosed.