Few strings attached to Facebook's $100M grant

EDISON - The $100 million grant to Newark schools from Facebook founder Mark Zuckerberg comes with very little oversight.

A Kane in Your Corner review finds there are no earmarks on how the money can be spent. There is also no timetable for improvement and no specific guidelines for evaluating whether improvement has occurred.

Zuckerberg says he decided to make the donation after meeting Mayor Cory Booker (D-Newark) and thinking, "This is the guy I want to invest in." It could be perceived as an odd statement since the mayor of Newark currently has no say in how the schools operate.

There are reports that as a condition of the grant, Gov. Chris Christie (R-N.J.) will put the district under Booker's control.

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