Netflix CEO Reed Hastings donates $5M to alma mater Bowdoin

Markets Associated Press

Netflix chief executive officer and Bowdoin College graduate Reed Hastings says he's donating $5 million to the school to help traditionally underrepresented students graduate.

Continue Reading Below

The "Thrive" program offers academic assistance for low-income students and first-generation students at the Brunswick-area college. The Portland Press Herald reports Hastings will work with four educators to develop the program and will meet annually with students in Thrive.

Bowdoin President Clayton Rose says Hastings' gift will make it possible to work with students who often have difficulties in transitioning to college.

___

Information from: Portland Press Herald, http://www.pressherald.com