Zuckerberg Gives $ 500 million stake in Facebook for Charity

Facebook CEO Mark Zuckerberg somewhat in the spirit of Christmas. Some time ago, he announced he donated a hefty amount to a local charity. Donations which will come in the form of Facebook shares – cargo ship.

“Now, to lay the groundwork for a new project, we contribute 18 million shares Facebook in Silicon Valley Community Foundation. Together, we will seek education and health to focus on next. I hope we may be able to have a positive impact on our next set of projects, “said the CEO of Facebook in a post on Facebook.

Silicon Valley Community Foundation, a charitable organization, said that they “provide visionary leadership in the community by identifying the challenges that arise in our region, the challenge through our grant program, our research and our ability to bring together diverse groups of problem solvers, and develop and stimulate the generous community to strengthen the common good “.

The gift of magic from the 18 million shares of Facebook is only $ 499 million given the current stock price of $ 27.71 Facebook.

“Two years ago, Priscilla and I signed the pledge Giving, accepting an offer to give most of the money we earn to charity. Our first major project in education reform Startup: Education in Newark, NJ. I’m really proud of the work we did there, helping leaders like Governor Chris Christie and Mayor Cory Booker signed the most progressive teachers in the country, the district opened four new high schools, 11 new charter schools and more, “says Zuckerberg .

Giving is a campaign promise to ensure that the wealthiest people in the United States provides “most of their wealth” to charity. It is spearheaded by Warren Buffett and Bill and Melinda Gates.