Netflix founder and chief executive Reed Hastings, a longtime supporter of charter schools, is creating a $100 million foundation for education, he announced on his Facebook page earlier in the week.
The Hastings Fund launched with grants totaling $1.5 million to the Hispanic Foundation of Silicon Valley and UNCF scholarship funds, donations meant to help minority students access college.
According to the fund’s website, the aim is to, “partner with communities to significantly increase the number of students who have access to rich and holistic educational experiences.”
The fund’s chief executive is Neerav Kingsland, a charter-school proponent who previously led New Schools for New Orleans. The nonprofit played a key role in shaping the city’s post-Hurricane Katrina educational system, in which more than 90 percent of children attend charter schools.
Hastings joins the likes of Bill Gates and Mark Zuckerberg, tech billionaires interested in using their money to improve education. Critics have accused them of using their money to reshape education according to their own ideas, circumventing the democratic process.
Find out more about the Hastings Fund here.