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Facebook CEO to Donate $100 Million to Newark Schools

Facebook Inc. Chief Executive Officer Mark Zuckerberg will donate $100 million to assist schools in Newark, New Jersey’s largest city, under a plan he announced today on “The Oprah Winfrey Show.”

Zuckerberg, 26, will make the donation as a challenge grant issued by his newly created Startup: Education Foundation, he said today on the television program. Zuckerberg, listed as the 35th richest person in the U.S. by Forbes magazine, announced the gift alongside Republican Governor Chris Christie and the city’s Democratic mayor, Cory Booker.