Netflix CEO Reed Hastings has announced that he is setting up a $100 million education fund that is designed to help children with their education.
The news of this new fund was announced on Facebook by the Netflix CEO, here is what he had to say about it.
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. Neerav Kingsland is the CEO of this fund, and will donate these funds in the best way possible for kids’ education.
The first two gifts are to United Negro College Fund and to Hispanic Foundation of Silicon Valley to support college education of Black and Latino youth, totalling $1.5m.
You can find out more details about this new fund for education for the Netflix CEO over at Facebook at the link below.