Comments on: Zuckerberg starts giving away his billions http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TFF http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/comment-page-1/#comment-18771 Sat, 25 Sep 2010 13:12:36 +0000 http://blogs.reuters.com/felix-salmon/?p=5475#comment-18771 “#1 energized / engaged students
#2 energized / engaged parents
#3 energized / engaged teachers”

y2kurtus, there is some truth to that. As a teacher, I know that no amount of money will substitute for any of the above.

That said, we don’t always HAVE energized/engaged students, parents, and teachers. Rather, we have that ideal mix in certain wealthy suburbs. We have that mix in an occasional charter school. But we often lack that mix in the lower-income suburbs and in the inner city.

Moreover, all three of those elements feed off each other. If you put energized/engaged teachers into a poisonous environment, they will rapidly get worn down and quit the profession or move to a more supportive district. The same is true of promising students in a bad school.

So what can be done to break the vicious cycle? My present school is private, but serves a low-income inner-city population. The tuition is less than half the operating budget, despite the salaries being half that of the public schools in the area. Why? Because to properly serve the needs of THESE students we need small classes (generally 12-15 students). We could in theory balance the budget by doubling the class size, but then we wouldn’t achieve the 100% success rate (EVERY student for years has been accepted to college) that we aim for.

“Warehouse club” education only works if all the other pieces are already in place. Correcting deficiencies elsewhere in the system takes intensive attention, and that gets expensive.

In conclusion, we get the job done at a price that our families can barely afford (with liberal financial aid above and beyond the fact that the full tuition is less than half the operating cost). That is our mission. But to bridge the budget gap we need at least $700,000 annually in charitable support to serve our ~115 students.

Wish we could catch Zuckerberg’s attention!

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/comment-page-1/#comment-18739 Fri, 24 Sep 2010 00:32:37 +0000 http://blogs.reuters.com/felix-salmon/?p=5475#comment-18739 @ y2kurtus Excellent comment

I would also like to add that unless he specifically earmarks the money it will be earmarked for him. And if he doesn’t, it might be considered a boon to the schools in the district and thus may also mean less funding for the school and that money given and spread to other schools now considered less fortunate.

Here’s hoping he makes sure it is a gifted in such a fashion to avoid being assimilated… IE musical instruments, science supplies, lab additions, and other tangibles that aren’t now part of the present school budget.

The influence of females to open pocketbooks is not always in a gold digger fashion… as y2kurtus says. One well known instance was Alfred Nobel.

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/comment-page-1/#comment-18732 Thu, 23 Sep 2010 20:18:38 +0000 http://blogs.reuters.com/felix-salmon/?p=5475#comment-18732 Felix,

I would disagree with you about private philanthropy being a marginal factor in primary and secondary education.

Will it always be a small percentage of total funds spent… yes…

…but can the impacts of the small percentage be spent so wisely and leveraged so heavily that they play a large factor in improving educational outcomes… absolutely.

I hope Zuckerberg has a plan for how Newark will spend his gift.

Money is seldom the limiting factor in the US educational system. Find me the worst performing schools and districts and you will generally see poorly funded school districts overrepresented on that list… but it is also true that their spending per pupil is greater than per capita income in some countries that outperform them on internationally recoginized tests.

I’m consider myself a passionate advocate for public education (selfishly since I have two children.) But money is a distant 4th in order of importance behind:

#1 energized / engaged students
#2 energized / engaged parrents
#3 energized / engaged teachers

I didn’t vote for Obama but I consider his educational innitives perhaps his biggest accomplishment ahead of healthcare reform, financial reform, and getting us out of Iraq.

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By: OnTheTimes http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/comment-page-1/#comment-18727 Thu, 23 Sep 2010 17:10:42 +0000 http://blogs.reuters.com/felix-salmon/?p=5475#comment-18727 I’m looking forward to Facebook going public, as I’d like to hear just what their profits are. Oh yeah, and be able to short them.

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By: AndrewNYC http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/comment-page-1/#comment-18725 Thu, 23 Sep 2010 16:25:43 +0000 http://blogs.reuters.com/felix-salmon/?p=5475#comment-18725 At some threshold of private shareholders, they start having to do public-style financial statements, right? I though that was 500 shareholders, but they must have exceeded that by now.

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By: adam_pasick http://blogs.reuters.com/felix-salmon/2010/09/23/zuckerberg-starts-giving-away-his-billions/comment-page-1/#comment-18724 Thu, 23 Sep 2010 15:39:47 +0000 http://blogs.reuters.com/felix-salmon/?p=5475#comment-18724 “The timing of the announcement was driven by Mr. Christie and Mr. Booker, over the objections of Facebook executives.”

Really?

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