Mark Zuckerberg

Mark ZuckerbergMark Zuckerberg announced his and wife Priscilla’s second major charitable contribution to date — a gift of 18 million Facebook shares to the Silicon Valley Community Foundation. The gift was announced, not surprisingly, by a post on Zuckerberg’s timeline Tuesday evening. Facebook shares are currently valued at $27.71 each, so the 18 million share gift is valued at $499 million. The Facebook founder signed The Giving Pledge in 2010, a commitment to donate the majority of his wealth to charity during his lifetime. A few months prior, he gave a $100 million gift to the Newark City Public School System. That time around, however, he made the announcement on Oprah. “I’m really proud of the work we’ve done there, helping leaders like Governor Chris Christie and Mayor Cory Booker sign the most progressive teachers contract in our country, opening four new district high schools, 11 new charter schools and more,” Zuckerberg wrote in his post.

Read the full story at Mashable.

About Shelly Palmer

Named one of LinkedIn’s Top 10 Voices in Technology, Shelly Palmer is CEO of The Palmer Group, a strategic advisory, technology solutions and business development practice focused at the nexus of media and marketing with a special emphasis on augmented intelligence and data-driven decision-making. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for AdAge, and is a regular commentator on CNBC and CNN. Follow @shellypalmer or visit shellypalmer.com or subscribe to our daily email http://ow.ly/WsHcb

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"Mark Zuckerberg Gives $500 Million in Stock to Charity" by @ShellyPalmer

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