Netflix co-founder and CEO Reed Hastings wants more children to have access to a good schools. To that end, the tech billionaire announced Tuesday he has started a $100 million philanthropic fund for kids' education.
Hastings said in a Facebook post that the Hasting Fund's first two gifts, totaling $1.5 million, would go to the United Negro College Fund and the Hispanic Foundation of Silicon Valley for college scholarships for black and Latino youth.
"I'm so blessed to be able to do this, and I hope to do more in the future. Thanks to all of you who are Netflix members or employees for making this possible," he said.