Mark Zuckerberg donates nearly $1 billion to charity
Christmas came early for the Silicon Valley Community Foundation. Mark Zuckerberg is donating 18 million shares of Facebook to the non-profit organization, reports Forbes. Zuckerberg donated 18 million shares to the same organization last year, but this year the gift is worth more. A lot more: Last year 18 million shares amounted to about $500 million. This year, they will amount to $990 million at $55 per share.
The Silicon Valley Community Foundation serves the Silicon Valley area and creates grants in the areas of Economic Security, Education, Immigrant Integration, Regional Planning and a Community Opportunity Fund.
The Foundation writes of its work: “We provide visionary community leadership by identifying emerging challenges in our region. We address those challenges through our grantmaking programs, our research and our ability to bring together diverse groups of problem-solvers. We build and energize a community of philanthropists who strengthen the common good.”