Facebook founder Mark Zuckerberg has hired former US Deputy Secretary of education , James robin III to head the multi - billion dollar education funding organisation , the Chan Zuckerberg Initiative . Founded last year , the foundation aims to give 99 % of Zuckerberg ’s Facebook stock , valued at around $ 45bn , to a variety of educational causes . Shelton previously worked as a program director at the Bill & Melinda Gates Foundation and as a trustee at the NewSchools Venture Fund , both of which have donated and invested heavily in education funding , among other public schooling causes .
Facebook founder Mark Zuckerberg has hired former US Deputy Secretary of Education, James Shelton III to head the multi-billion dollar education philanthropy organisation, the Chan Zuckerberg Initiative. Founded last year, the foundation aims to give 99% of Zuckerberg’s Facebook stock, valued at around $45bn, to a variety of educational causes. Shelton previously worked as a program director at the Bill & Melinda Gates Foundation and as a partner at the NewSchools Venture Fund, both of which have donated and invested heavily in education technology, among other public schooling causes.