Zuckerberg's Newark Schools $100M Donation Went to Waste: New Yorker

Image: Zuckerberg's Newark Schools $100M Donation Went to Waste: New Yorker In this file photos from left to right, Co-Founder, Chairman and CEO of Facebook Mark Zuckerberg, US Senator Cory Booker (D-NJ) and New Jersey Governor Chris Christie.

Wednesday, 14 May 2014 10:47 AM

By Michael Mullins

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Mark Zuckerberg's Newark schools donation of $100 million in 2010 reportedly evaporated into thin air while the struggling New Jersey public school district has shown little to no noticeable improvement in student performance, according to a recently published report in The New Yorker.

According to the magazine, the generous donation — which Zuckerberg claimed would transform Newark into "a symbol of educational excellence for the whole nation" — has been spent primarily on consultant fees and labor contracts, while the shining goal of educational excellence never came to fruition.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

The money was given to Newark Mayor Cory Booker and New Jersey Gov. Chris Christie to create the Startup: Education foundation, which aimed to reform the struggling school system by closing low-performing public schools and replacing them with "themed" high schools and charters that would create enriching environments and result in higher graduation rates, Business Insider reported.

Zuckerberg made the announcement during a sit-down interview with Oprah Winfrey in September 2010.

Despite the hiring of 50 new principals, the creation of four new public high schools, and a new teachers’ contract that tied pay to performance, among other changes, the Newark public high school graduation rate remains dismal at about 67 percent.

According to The New Yorker, many of the consultants hired with the generous donation received upwards of $1,000 a day with "more than $20 million of Zuckerberg’s gift and matching donations [having gone] to consulting firms with various specialties: public relations, human resources, communications, data analysis, [and] teacher evaluation," between 2010 and 2012.

Since the massive cash infusion has been made, Booker has went on to become a New Jersey senator, while Christie, who has long been viewed as a Republican presidential hopeful for 2016, continues to attempt to rebuild his reputation following the Bridgegate scandal.

Urgent: Assess Your Heart Attack Risk in Minutes. Click Here.

It is unclear whether Zuckerberg plans to invest any additional funds into the Newark Public School district.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

'Frozen': Most Popular Toy in Holiday Survey Dethrones Barbie

Tuesday, 25 Nov 2014 19:46 PM

Barbie has been the most popular holiday gift for more than a decade, but this year the iconic doll will have to let it  . . .

Nor'easter, Snow Threaten Northeast Travel Ahead of Thanksgiving

Tuesday, 25 Nov 2014 17:50 PM

The Northeast is bracing for a Nor'easter that is expected to snarl holiday travel plans on Wednesday . . .

Michael Hanline Freed After 1980 Murder Conviction Overturned

Tuesday, 25 Nov 2014 15:34 PM

Michael Hanline, who was convicted of murder in 1980, was released on bail Monday after prosecutors said they are no lon . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved