The elementary school, a private school school for tuition fees with 543 students from Mark Zuckerberg’s wife Priscilla Chan, will switch off their doors after about a decade.
The school that has two locations in the San Francisco area said In a note It is closed on its website after the academic year 2025-2026. In order to maintain his legacy, the Philanthropical Organization of the Billioner Pair, the Chan Zuckerberg initiative or CZI, will invest 50 million US dollars in the communities, which the non -profit organization serves – East Palo Alto, Belle Haven and East Bay – in the next few years.
“This was a very difficult decision, and we are committed to ensuring a thoughtful and supportive transition for students and families next year,” says the grade that was released late Thursday.
Carson Cook, a spokesman for the primary school, had no comment beyond the statement.
The 40-year-old Chan, a pediatrician, was the school with families and children from birth to high school in 2016 with an “integrated health and educational model”. The first middle school locations of the non -profit organization began in 2023.
According to the latest control form, more than 95% of East Palo Alto students of the elementary school are underrepresented minorities. The submission shows that at the end of June 2023 it had more than 30 million dollars of assets.
Muschus, Ellison
The primary school is not the only initiative that has recently started by billionaires. Elon Musk, Jeff Bezos and Larry Ellison have also opened schools in recent years.
Musk’s non-profit organization, the Musk Foundation, has $ 237 million for its educational company-a technologically oriented primary and secondary school in Austin with later plans for a university. This school, Ad Astra, works with the same company that Ellison Half oracle Corp.co founder. Bezos, the Amazon.
The closure of the elementary school is Zuckerberg, 40, founder of Meta platforms Inc. makes comprehensive changes to its business empire to better align themselves with the Trump administration. He has appointed long -time Trump allies on his board, including Dana White and Dina Powell, CEO of Ultimate Fighting Championship Mccormickwho served as deputy national security advisor from Trump during his first term.
Zuckerberg also typed ARepublican strategyIn order to act as the boss of global affairs, the US-American facts test program from Meta, has dismantled the company’s hate speeches and the Axed KeyDiversity, justice and inclusionPrograms at META and CZI.
The primary school prioritized the diversity efforts and carried out an exam in June 2020 after the protests of the Black Lives Matter and set a Dei -Sask Force.
This story was originally on Fortune.com