Mark Zuckerberg's $100 million worth of gift to Newark said to be wasted after no new improvements were seen in the city.
Being one of the great money makers in the world at a young age, Facebook co-founder Mark Zuckerberg has decided to share his blessings with the people of Newark in 2010. It was previously reported that $100 million will be given to Newark Mayor Cory Booker and New Jersey Gov. Chris Christie. With the aim of reforming the schools in the said city, it is expected that the project would have an output as of this time, however, the money is assumed to be wasted already since there are no reported outcomes came from the fund.
The plan was actually turning the city into a symbol of educational excellence for the entire nation. Teachers considered to be in their best will be retained while creating an environment that would produce successful students or graduates. With the $100 million, help can be given to the city that has a graduation rate of about 67 percent, but it seems like it is all wasted.
It was in 2010 that Booker asked financial help that would reform Newark's education. That is when philanthropic donations come in and one of which was Zuckerberg who pledge the said amount of money. He believed that the city along with Booker was the right recipient.
Months after the $100 million were donated, Booker and Christie still has no reform plan, thus conclusions that the money may have been wasted came out. Zuckerberg has been concerned and urged Booker to find a superintendent. With that, he immediately appointed Cami Anderson for the position.
She then implemented ways that would help students and improved schools with the $100 million donation. However, there were hindrances like the student's emotional concerns. Anderson wanted to support the students with such concerns, but a huge amount of money was already spent to each student.
Furthermore, it was believed that the money was already wasted since no such help was given to the children. Parents and teachers have also realized that all the plans made were only in papers. So, where did the money go?
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