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Facebook’s Mark Zuckerberg, wife opening a private school

Mark Zuckerberg, founder and CEO of Facebook, and wife Priscilla Chan arrive on the red carpet during the 2nd annual Breakthrough Prize Award in Mountain View, CaliforniaMark Zuckerberg, 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
Mark Zuckerberg, right, founder and CEO of Facebook, and wife Priscilla ChanPhotograph by Stephen Lam — Reuters

Facebook’s (FB) CEO Mark Zuckerberg and his wife, Priscilla Chan, plan to open a private comprehensive preschool and K-8 school linked to health services for children and families in East Palo Alto, Calif., the San Jose Mercury News reported Thursday.

The school, which will open in August, comes from Chan’s passion to alleviate the effects of poverty on children, the newspaper reported—something she has witnessed “while tutoring in inner-city Boston and now working as a pediatrician at San Francisco General Hospital.”

The school will target the most disadvantaged residents of East Palo Alto and eastern Menlo Park, the paper said.

According to the report:

The investment, channeled through the Silicon Valley Community Foundation, is sizable. When the school is fully built, it will be able to serve 700 children plus their families — that’s one-quarter larger than the entire Luther Burbank School District in San Jose, which runs on an annual budget of $4.9 million.

The couple, who married in 2012, announced earlier this summer they are expecting a baby girl.