I'm thrilled to announce that I'm funding a new $100m philanthropic fund for education, creatively named the Hastings... Posted by Reed Hastings on Tuesday, January 12, 2016

If you know Hastings' history, this gesture isn't totally surprising. He was the president of California's State Board of Education for four years, and he worked in the Peace Corps during the 1980s. In 2012 he and his wife Patty Quillin committed to the Giving Pledge (PDF), promising a majority of their assets would be used for philanthropy. In that sense, Hastings is returning to his roots -- he just has a lot of cash on hand this time around.

[Image credit: Robyn Beck/AFP/Getty Images]