Reed Hastings Creates $100 Million Education Fund

Reed Hastings Creates $100 Million Education Fund

Netflix founder and CEO has announced that he has created a $100 million fund at the  that will be focused on education.

In a on Facebook, Hastings wrote that the "will donate these funds in the best way possible for kids' education." The fun has already announced inaugural grants totaling $1.5 million to the and . Neerav Kingsland, who previously served as the CEO of and who is senior education fellow at the , has been named CEO of the fund, of which Hastings is the sole trustee. Hastings and Patty Quillin signed the in 2012.

According to the fund's website, "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."

Hastings has long been an advocate of education reform, charter schools, and online learning — supporting a successful effort to loosen California's charter law in 1998, serving on that state's board of education, helping to launch the and , and supporting and the . He also has served on the boards of the , the , and ed tech company . Alluding to Bill Gates, Mark Zuckerberg, and other tech billionaires who have been accused by some of using their wealth to reshape education according to their own ideas, thereby circumventing the democratic process, Hastings told in 2015 that "a public advocate needs a thick skin and a respect for opposing arguments."

Reed Hastings. "." Facebook Post 01/12/2016. Emma Brown. "Netflix Chief Announces $100 Million Fund for Education." Washington Post 01/13/2016.