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Zuckerberg Makes Biggest Charitable Donation Yet

Gives $500M in stock to health, education charity

By Rob Quinn,  Newser Staff

Posted Dec 19, 2012 12:17 AM CST

(Newser) – Mark Zuckerberg has hit the "share" button on a sizable chunk of his fortune. In his biggest donation to charity yet, the Facebook founder has donated stock worth around $500 million to a Silicon Valley charitable foundation that funds educational and health initiatives, the Los Angeles Times reports. "Mark's generous gift will change lives and inspire others in Silicon Valley and around the globe to give back and make the world a better place," the foundation's CEO said. Zuckerberg pledged $100 million to Newark public schools in 2010.

Facebook CEO Mark Zuckerberg smiles at the Allen & Company Sun Valley Conference earlier this year.
Facebook CEO Mark Zuckerberg smiles at the Allen & Company Sun Valley Conference earlier this year.   (AP Photo/Paul Sakuma)
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COMMENTS
Showing 3 of 15 comments
KenDreger
Dec 19, 2012 5:18 PM CST
More people with the funds like this need to support our charities.......Thank You Mark and your wife....
right2dave
Dec 19, 2012 12:53 PM CST
Sell the stock before the bottom drops out!
wwwonderer
Dec 19, 2012 10:18 AM CST
Keep in mind this is $500 M worth of stock. Who knows how much it will be worth. For instance...The InstaGram deal included some cash and about 20 million shares. That deal is now down from about $1B to about $800M.

 
Silicon Valley • Facebook • Mark Zuckerberg • charity • donation • Giving Pledge

 
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