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Archive for October 4th, 2010

Raining money in Newark

04 Oct

On Oprah’s national television show Mark Zuckerberg, co-founder of Facebook, accompanied by Governor Christie and Newark mayor Corey Booker, announced he will make a $100 million gift to the Newark school system spread over five years.  Zuckerberg’s gift is in the form of a “challenge grant.”  Newark has to raise an additional $100 million over five years, bringing the total philanthropic bounty to $200 million.

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Posted in Education, New Jersey, Taxes