Pursuits
Mark Zuckerberg Philanthropy Pledge Sets New Giving Standard
- CEO and wife make announcement after birth of daughter, Max
- Plan includes no more than $1 billion annually for three years
Facebook’s Zuckerberg to Donate $45B of Stock
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Mark Zuckerberg and his wife pledged to give away virtually all of their $46 billion in Facebook Inc. shares, setting a new philanthropic benchmark by committing their massive fortune to charitable causes while still in their early 30s.
Facebook’s chief executive officer and his wife, Priscilla Chan, unveiled the plan in an open letter to their newborn daughter, Max (short for Maxima), in a Facebook post on Tuesday, promising to donate 99 percent of their stock in the social-networking company "during our lives."