Mark Zuckerberg makes his largest donation yet to help address health and education issues in Silicon Valley.
Mark Zuckerberg, co-founder and CEO of the social networking site Facebook, announced this week that he and his wife Priscilla are donating nearly $500 million in the company’s stock to the Silicon Valley Community Foundation.
The Los Angeles Times reports that Zuckerberg made the donation announcement to the Silicon Valley foundation on his Facebook Timeline. He said that he and his wife had, “earmarked the gift of 18 million Facebook shares for health and education issues … Together, we will look for areas in education and health to focus on next.”
The foundation released a statement from their CEO, Emmett D. Carson which said,
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
This is the largest donation Zuckerberg has given, but it is not the first time he has donated a large sum to help with health and education issues in the US. In 2010 he donated $100 million in Facebook shares to the Newark, N.J., public school through his foundation Startup:Education. Jen Holleran, the executive director of Startup:Education said,
This is great news for people who are passionate about improving public education. Mark’s commitment to dramatically improving the public schools in Newark has been making exciting progress and we’re thrilled to know that his larger dedication to philanthropy is continuing.
Zuckerberg’s generosity grants him admittance into an exclusive club of philanthropists, including members such as Bill Gates and Warren Buffett, who have started a movement called the Giving Pledge, which encourages the nation’s richest people to donate most of their wealth.
Mr. Zuckerberg’s donation, along with others like it, are a wonderful living example of what generosity truly looks like.
Picture: Marcin Wichary/Flickr