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Original article: Facebook founder's $100M gift could change Newark
A guy at work was talking to us yesterday that he doesn't know anyone who worries more about money and are more stingy with their money than the rich. He said that the richest people he knows are the ones who are constantly looking at how to get more money and are the least likely to donate their money to those in need.
To me, this seemed like a very sad fact.
So, when reading the Oakland Press today, I was happy to read about the donation a very rich man is giving to a school district in need.
You would have to live under a rock not to know what Facebook is. And Mark Zuckerberg, the 26-year-old founder of Facebook who is worth $4 billion, is giving an $100 million stock donation to Newark, New Jersey's education.
He is expected to announce this donation today at 4 p.m. on Oprah.
Zuckerberg is one of high-tech's more generous philanthropists.
According to the article in the Oakland Press by AP writers GEOFF MULVIHILL and SAMANTHA HENRY:
The Newark district, which has about 40,000 students and a $940 million annual budget, has been plagued for years by low test scores, poor graduation rates and crumbling buildings, and was taken over by the state in 1995 after instances of waste and mismanagement, including the spending of taxpayer money by school board members on cars and restaurant meals.
We all have the ability to help those in need -- whether we are rich or poor or whether by donating our time or our money. There will always be people worse off than we are. And for Zuckerberg, there are many people who are worse off than he is. And he is using the money he has made to help those who are in need instead of hoarding it all for himself.
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