Mark Zuckerberg May Finally Be Doing Philanthropy The Right Way
Mark Zuckerberg is giving away enough money to fund one of the world’s biggest charities for the next 45 years. Instead, he's funding his own.
In a letter addressed to his newborn daughter, the Facebook CEO said Tuesday he will donate 99 percent of his company shares, worth $45 billion by current valuations. The money will funnel through the new Chan Zuckerberg Initiative, which Zuckerberg will lead with his wife, Dr. Priscilla Chan. The organization will function as a philanthropic LLC, reinvesting its earnings into nonprofits that advance its mission.
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