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Zuckerberg, wife donate $120 million to California schools

MENLO PARK, Calif. – Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $120 million to the San Francisco Bay Area’s public school system.

The couple’s gift will be spread over the next five years.

It is the biggest allocation to date of the $1.1 billion in Facebook stock the couple pledged last year to the non-profit Silicon Valley Community Foundation.

The first $5 million will go to school districts in San Francisco, Ravenswood and Redwood City.

It will focus on principal training, classroom technology and helping students transition from the 8th to the 9th grade.

The couple and their foundation, called Startup: Education, determined the issues of most urgent need based on discussions with school administrators and local leaders.

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