Mark Zuckerberg Gives $500 Million in Stock to Charity

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.

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Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark Ventures/ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living as well as his daily radio report on United Stations Radio Networks. For more information, visit shellypalmer.com.

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