The primary school, a private school without school fees with 543 students co-founded by the wife of Mark Zuckerberg, Priscilla Chan, will close its doors after about a decade of operation.
The school, which has two locations in the San Francisco region, said in a note On his website, he will close after the academic year 2025-2026. To maintain its inheritance, the philanthropic organization of the billionaire couple, Chan Zuckerberg Initiative, or Czi, will make an investment of $ 50 million in communities that non -profit service – East Palo Alto, Belle Haven and East Bay – in the coming years.
“It was a very difficult decision, and we are committed to ensuring a thoughtful and favorable transition for students and families in the next year,” said the note, which was published Thursday evening.
Carson Cook, spokesperson for primary school, made no comments beyond the declaration.
Chan, 40, pediatrician, co -founded the school in 2016 with an “integrated health and education model” to work with families and children from birth to high school, according to the tax forms of the entity. The first non -profit college cohort began in 2023.
According to the latest tax form, more than 95% of students from East Palo Alto from primary school are under-represented minorities. The file shows that it had more than $ 30 million assets in late June 2023.
Musque, Ellison
Primary school is not the only initiative of this type launched by billionaires recently. Elon Musk, Jeff Bezos and Larry Ellison have all opened schools in recent years.
Musk’s non -profit organization, Musk Foundation donated $ 237 million to its educational business – a primary and secondary school focused on technology in Austin, with any plans for a university. This school, AD Astra, is associated with the same company that helped Ellison create her Hala Kahiki Montessori school in Lanai, in Hawaii, 98% island owned by the founder of Oracle Corp.co. Bezos, the co-founder of Amazon.com Inc., has created a network of preschool schools inspired by Montessori for children in poor communities.
The closure of the primary school occurs while Zuckerberg, 40, founder of Meta Platforms Inc., makes radical changes to his commercial empire to better align with the Trump administration. He appointed Trump Allies for a long time to his board of directors, including the CEO of the Ultimate Combat Championship Dana White and Dina Powell McCormick, who was deputy national security advisor in Trump during his first mandate.
Zuckerberg also caught aRepublican strategistTo serve as head of global affairs, eliminated the Meta American fact verification program, dismantled the company’s dear speech policies and the company’s ax keyDiversity, equity and inclusionMeta programs as well as Czi.
The primary school prioritized diversity efforts, conducting an audit in June 2020 following the demonstrations of Black Lives Matter and the establishment of a working group that falls.
This story was initially presented on Fortune.com
