Mark Zuckerberg and Wife Priscilla Chan Starting New Private School in Palo Alto

Mark Zuckerberg (R), founder and CEO of Facebook, and wife Priscilla Chan arrive on the red carpet during the 2nd annual Breakthrough Prize Award in Mountain View, California November 9, 2014. (PHOTO CREDIT: Reuters/Stephen Lam)
Mark Zuckerberg (R), founder and CEO of Facebook, and wife Priscilla Chan arrive on the red carpet during the 2nd annual Breakthrough Prize Award in Mountain View, California November 9, 2014. (PHOTO CREDIT: Reuters/Stephen Lam)

Mark Zuckerberg and his wife Priscilla Chan are starting a school in Palo Alto, California.

Dubbed The Primary School, the new private school will be located just a stone’s throw away from the Facebook headquarters and cater primarily to preschool-age kids and K-8 students in low-income areas.

Chan will be the CEO of the school, which ties free health services to each child’s education thanks to a partnership with nearby Ravenswood Family Health Center.

The announcement, first reported by the San Jose Mercury News, comes on the heels of what many saw as a failed investment from Zuckerberg of $100 million in Newark, New Jersey, public schools in 2010.

While Zuckerberg had noble intentions of uplifting a struggling neighborhood, analysts concluded the project got caught in the quicksand of bureaucracy and poor planning. Almost none of the money reached its intended destination.

The Primary School is scheduled to open next August with a student body of around 700. The overarching mission is to build a support system families can depend on when things get rough.

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SOURCE: Business Insider, Chris Weller