Netflix CEO Hastings creates $100 million charitable fund
“Netflix CEO Reed Hastings has set up a $100 million charitable fund targeted at investing in education. Hastings announced the fund in a Facebook post on Tuesday. Dubbed the Hastings Fund, the charitable foundation has already given out $1.5 million in gifts to the United Negro College Fund and the Hispanic Foundation of Silicon Valley. Hastings is only the latest tech figure to turn his or her attention to education. Facebook CEO Mark Zuckerberg famously donated $100 million to Newark, New Jersey’s public schools and has pledged another $120 million to Bay Area schools in low-income areas.”