(Reuters) – Facebook founder and CEO Mark Zuckerberg and his wife Priscilla Chan have pledged $120 million to Bay Area schools to help underserved communities in San Francisco, the two wrote in an essay to the San Jose Mercury News.
The announcement, made in the Bay Area paper on Thursday night, marks Zuckerberg’s latest charitable donation to lagging public education systems. In 2010, the tech tycoon donated $100 million to beleaguered public schools in Newark, New Jersey.
“The investments we’ve made are a drop in the bucket compared to the challenges schools face. But we’ve seen that targeted investments can be catalysts for much bigger changes in communities, and give vital support to leaders and organizations,” the couple said.
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