Facebook Founder to Donate $100 Million to Help Remake Newark's Schools

Mark Zuckerberg, chief executive and a founder of Facebook, has agreed to donate $100 million to improve the long-troubled public schools in Newark (NJ), and Gov Chris Christie (R-NJ) will cede some control of the state-run system to Mayor Cory A. Booker in conjunction with the huge gift. The $100 million for Newark is the initial gift to start a foundation for education financed by Mr. Zuckerberg. This would be by far the largest publicly known gift by Mr. Zuckerberg, whose fortune Forbes magazine estimated last year at $2 billion.