Facebook’s chief, Mark Zuckerberg, will donate nearly $500 million in his company’s stock to a Silicon Valley charity with the intention of providing funds for health and education issues.
The Facebook founder and CEO gave 18 million shares to the same foundation around this time last year, when Facebook's share price was about half as much.
We know, there's no Zuckerberg foundation. But there is a pile of money
designated for philanthropy and a small staff that helps make grants.
What's more, that pile is much bigger than most people realize.
Facebook is set to join the S&P 500 tomorrow and will be selling nearly 70 million shares - approximately 4 billion dollars worth - in a second public offer
Facebook’s chief, Mark Zuckerberg, will donate nearly $500 million in his company’s stock to a Silicon Valley charity with the intention of providing funds for health and education issues.
The Facebook founder and CEO gave 18 million shares to the same foundation around this time last year, when Facebook's share price was about half as much.
We know, there's no Zuckerberg foundation. But there is a pile of money
designated for philanthropy and a small staff that helps make grants.
What's more, that pile is much bigger than most people realize.
Facebook is set to join the S&P 500 tomorrow and will be selling nearly 70 million shares - approximately 4 billion dollars worth - in a second public offer
