Zuckerberg, Gates Aid Effort to Get Broadband in Schools

by Christopher Freeburn | December 4, 2013 9:56 am

Two billionaires are opening their wallets to boost Internet connectivity in the nation’s schools[1].

Back to School Buses 630[2]
Source: Flickr[3]

EducationSuperHighway, a non-profit organization that promotes broadband connections in schools, has received $9 million in funding from the a number of charitable foundations including those run by Facebook (FB[4]) CEO Mark Zuckerberg and Microsoft (MSFT[5]) chairman Bill Gates, TechCrunch notes.

The Gates Foundation and Zuckerberg’s Startup:Education led the round of funding for EducationSuperHighway. The organization’s is hoping to expand its Internet speed test to all U.S. states and to pressure federal regulators to adopt policies to accelerate communication infrastructure upgrades for schools.

Gates has been a major player in worldwide philanthropy for years through his Bill and Melinda Gates Foundation, which received a $2 billion gift this year[6] from Berkshire Hathaway (BRK.A[7], BRK.B[8]) CEO Warren Buffett.

Earlier this year, Zuckerberg launched his own political advocacy group to promote issues including immigration and education reform[9].

  1. boost Internet connectivity in the nation’s schools: http://techcrunch.com/2013/12/04/mark-zuckerberg-bill-gates-put-9m-into-educationsuperhighway-a-non-profit-to-improve-broadband-in-schools/
  2. [Image]: https://investorplace.com/wp-content/uploads/2011/08/back_to_schoo_buses_630.jpg
  3. Flickr: http://www.flickr.com/photos/latitudes/
  4. FB: http://studio-5.financialcontent.com/investplace/quote?Symbol=FB
  5. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  6. received a $2 billion gift this year: https://investorplace.com/2013/07/warren-buffett-makes-enormous-donation-to-gates-foundation/#.Up9AkZG1Kf0
  7. BRK.A: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRK.A
  8. BRK.B: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRK.B
  9. promote issues including immigration and education reform: https://investorplace.com/ipo-playbook/zuck-is-stretching-his-political-wings/#.Up9BIpG1Kf0

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