Netflix CEO Reed Hasting is donating a giant philanthropic fund aimed at education which is worth $100 million, he disclosed on Tuesday.
He’s been a proponent for reform in education for a long time. He aided in writing a 1998 California reform that made it much easier initiate charter schools, and he was also president of the California board of education from 2001 to 2005.
The initial Hasting’s capital will conduct through the Silicon Valley Community Foundation to widen opportunities for education.
“Currently, too many children do not have access to amazing schools. Our aim is to partner with communities to significantly increase the number of students who have access to rich and holistic educational experiences,” says the new fund in their website
Hastings’ new initiative is the most recent in cutting edge CEOs concentrating on education. Facebook CEO Mark Zuckerberg has made education change a major portion of his charities, with blended results.
The Hastings Fund is beginning off with a $1.5 million offering to the United Negro College Fund and to Hispanic Foundation of Silicon Valley that is expected to bolster school instruction of Black and Latino students.
“I’m so blessed to be able to do this, and I hope to do more in the future. Thanks to all of you who are Netflix members or employees for making this possible,”
Hastings said in a written post on his Facebook page announcing the fund.