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January 13, 2016

Netflix Chief Launches $100 Million Education Foundation

The chief executive of Netflix, Reed Hastings, announced through Facebook on Tuesday the launch of a $100 million education foundation, The Washington Post reports. 

The first two grants from the Hastings Fund, totaling $1.5 million, will support college access for minority students. Grantees include the Hispanic Foundation of Silicon Valley and UNCF scholarship funds.

Mr. Hastings, a longtime supporter of charter schools, signed the Giving Pledge with his wife in 2012.