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Mark Zuckerberg donates $500 million in Facebook stock to Silicon Valley Community Foundation

Facebook founder, Mark Zuckerberg, donates Facebook stock worth $500 million to SV Community Foundat

Anthony Garreffa | Dec 19, 2012 at 3:35 am CST (0 mins, 39 secs time to read)

Facebook founder Mark Zuckerberg has said that he is donating Facebook stock worth $500 million to the Silicon Valley Community Foundation, which is the largest single gift in the history of the local nonprofit and one of the biggest philanthropic donations in the Bay Area this year.

Mark Zuckerberg donates $500 million in Facebook stock to Silicon Valley Community Foundation | TweakTown.com

The social network founder told the world the news through his personal Facebook page, saying that he and his wife want to focus their giving on "education and health". This is Zuckerberg's second large donation, where in 2010 he donated $100 million in Facebook stock to Newark, New Jersey public schools.

Later in 2010, he joined the Giving Pledge which is an effort led by Microsoft founder Bill Gates and investor Warren Buffet, which gets the country's richest people to donate most of their wealth.

Last updated: Apr 7, 2020 at 11:30 am CDT

NEWS SOURCE:washingtonpost.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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