Netflix chief announces $100 million fund for education
Netflix founder and chief executive Reed Hastings, a longtime supporter of charter schools, is creating a $100 million foundation for education, he announced on his Facebook page Tuesday.
The Hastings Fund launched with grants totaling $1.5 million to the Hispanic Foundation of Silicon Valley and UNCF scholarship funds, donations meant to help minority students access college.
“Currently, too many children do not have access to amazing schools. Our aim is to partner with communities to significantly increase the number of students who have access to rich and holistic educational experiences,” the new fund says on its website.
The fund’s chief executive is Neerav Kingsland, a charter-school proponent who previously led New Schools for New Orleans. The nonprofit played a key role in shaping the city’s post-Hurricane Katrina educational system, in which more than 90 percent of children attend charter schools.
Kingsland had most recently been a senior fellow at the Laura and John Arnold Foundation. That foundation has given nearly $150 million over the past four years to education groups, including Teach for America, many charter schools and charter-school support organizations.
Hastings joins the likes of Bill Gates and Mark Zuckerberg, tech billionaires interested in using their money to improve education. Critics have accused them of using their money to reshape education according to their own ideas, circumventing the democratic process.
Hastings told the publication Education Next in 2015 that he wasn’t bothered by the critics and believes they have good motives. “A public advocate needs a thick skin and a respect for opposing arguments,” he said.
He has a long history in the field: He supported a successful effort to loosen California’s charter law in 1998 and then went on to serve for four years on Netflix chief announces $100 million fund for education - The Washington Post:
