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Home » ScoopIt » Netflix Founder Drops $100 Million to Join Billionaire Crusade to Privatize Our Public Schools | Steven Rosenfeld | AlterNet.org

Netflix Founder Drops $100 Million to Join Billionaire Crusade to Privatize Our Public Schools | Steven Rosenfeld | AlterNet.org

There’s more evidence that the push to privatize traditional public schools across America is a pet project of Silicon Valley’s billionaire boy’s club.

On Tuesday, Netflix founder and CEO Reed Hastings announced on Facebook that he was creating a $100 million foundation to fund education, which mostly means bankrolling the charter school industry.

“I’m thrilled to announce that I’m funding a new $100m philanthropic fund for education, creatively named the Hastings Fund, through the Silicon Valley Community Foundation,” he wrote. “Neerav Kingsland is the CEO of this fund, and will donate these funds in the best way possible for kids’ education.”

While its first two grants are going to the United Negro College Fund and the Hispanic Foundation of Silicon Valley to support college education of black and Latino youth, Kingsland’s background is telling about Hastings’ priorities. He was CEO of New Schools for New Orleans, where more than 90 percent of the children attend charter schools, and is a senior fellow at the Laura and John Arnold Foundation, which over the past four years has given away $150 million to a range of players in the charter industry.

 

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Sourced through Scoop.it from: www.alternet.org

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