The next time you find yourself binge-watching three whole seasons of your favorite show on Netflix instead of, say, doing laundry or hitting the gym, here’s a great excuse to feel a bit less guilty:

Reed Hastings, the CEO and co-founder of Netflix, just launched a $100 million USD foundation to help more kids get a great education—and he couldn’t have done it without the 70 million subscribers who helped him make his fortune. 

Hastings unveiled his new initiative, called the Hastings Fund, in a Facebook post Tuesday evening. 

The fund’s first two beneficiaries will be the United Negro College Fund, which helps minority and low-income students in the US attend college, and the Hispanic Foundation of Silicon Valley, which provides scholarships and other resources to the Hispanic community in Silicon Valley.

Beyond the fact that its first gifts both target college education for minorities in the US, details are scarce as to what the Hastings Fund’s specific areas of focus will be, or whether schools and students outside the US will be eligible for support. 

The fund describes its goals in sweeping terms on its website, saying it aims to “expand educational opportunity.” Time will tell exactly how Hastings plans to do that, though some reports suggest he may promote charter schools as alternatives to struggling public schools. Hastings has expressed support for the charter school model in the past, including as a member of the California state board of education. 

Hastings isn’t the only tech billionaire whose philanthropic efforts have made headlines lately. In December, Facebook founder Marker Zuckerberg and his wife, Priscilla Chan, pledged to invest 99% of their wealth in global causes such as healthcare, hunger, and education. 

Zuckerberg congratulated Hastings in a Facebook comment, writing, “Thank you for your leadership on education! You've been an important mentor and example for me and Cilla [his wife, Priscilla Chan], and we look forward to working together even more.”

Hastings’ announcement coincides with another big Netflix-related development. Earlier this month, the online video streaming service announced it had added 130 countries to its network, bringing the total number of Netflix-enabled nations to 190. 

You can now watch Netflix in… South Korea, Afghanistan, Angola, Antarctica, Burkina Faso, Burundi, Benin…

— Netflix US (@netflix) January 6, 2016

As this map shows, that whittles the list of places without Netflix down to Syria, China, and the Crimean peninsula, essentially. 

At long last, people in countries from India to Ethiopia can avoid doing laundry or working out by binge-watching their favorite shows! (Provided they have an Internet-enabled device and half-decent Internet access, which is another story.) 

Now that Netflix is a truly global product, how fitting would it be if its CEO mirrored his company’s global reach in his philanthropy? 

For all its education-related woes (and it has plenty of them), the United States is far from the only country where kids are missing out on a quality education. Worldwide, an estimated 124 million children and adolescents are out of school. Many of those lucky enough to be in school have to deal with poor facilities and inadequate resources. 

The good news is that the world has made a ton of progress on education. World leaders recently pledged to put quality education within reach of every man, woman, and child as part of the Global Goals, and influential figures like Malala Yousafzai and Michelle Obama have stepped up to the plate in support of this crucial cause.

Private-sector leaders like Reed Hastings and Mark Zuckerberg have a role to play in achieving these lofty goals. Their generosity can help jumpstart innovation, empower communities, and bankroll change. 

However the Hastings Fund decides to spend its money, Hastings’ willingness to invest in education is sure to benefit countless kids. With any luck, a fund made possible by his Netflix fortunes will give back to the subscribers around the world who make his wealth possible every time they press play.