Why a German billionaire says that pledges like Mark Zuckerberg’s are really bad

Re:Why a German billionaire says that pledges like Mark Zuck... by Retric on Thursday December 03, 2015 @12:20PM (#10670858)

"The pair do not have a sterling track record when it comes to effective charity. One of their previous efforts, a high-profile $100 million donation to fix the schools in Newark, N.J., has been widely criticized as a failure."

Asking for a quote misses the point. Look into it yourself and the first link is Where Zuckerberg's $100 million gift went wrong http://www.cnbc.com/2014/05/23/where-zuckerbergs-100-million...

[ Parent | on HN ]

Re:Why a German billionaire says that pledges like Mark Zuck... by knughit on Thursday December 03, 2015 @12:32PM (#10670988)

Note that the $100m was a gift to the government, overseen by thr governor of NJ, so it is hard to say that was a failure of private philanthropy vs government.

[ Parent | on HN ]

Re:Why a German billionaire says that pledges like Mark Zuck... by Chathamization on Thursday December 03, 2015 @12:53PM (#10671175)

It wasn't simply a gift, Zuckerberg directed it towards the reforms he thought were fit. According to Business Insider:

>Zuckerberg envisioned the teacher contract reform to be a centerpiece of the reform and contributed $50 million — half of his total donation — to go to working on that cause.

So he decided to throw $50 million at teacher contract reform around the same time that, according to the CNBC article, "the state cutting $56 million in school aid."

[ Parent | on HN ]

Re:Why a German billionaire says that pledges like Mark Zuck... by marknutter on Thursday December 03, 2015 @12:27PM (#10670937)

Government efforts never fail, on the other hand.

[ Parent | on HN ]