Mark Zuckerberg of Facebook donates half a billion dollars

Almost two years to the day since Mark Zuckerberg promised to give half of his wealth away to charitable causes, the Facebook founder has announced (on his Facebook page, natch) a donation that amounts to around half a billion dollars.

The recipient is a Silicon Valley-based charity, the Silicon Valley Community Foundation, which will receive 18 million shares in his social network, which floated earlier this year. Its value? A shade under $500 million.

This entry was posted in Grantmaking, Philanthropy by Grant Montgomery.