Zuckerberg Donating $500 Million To Charity

Mark Zuckerberg gives back. Reports on Tuesday said the Facebook chief executive officer is donating nearly $500 million in stock to charity.

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Reports said Zuckerberg donated 18 million Facebook shares, valued at $498.8 million, his biggest donation so far.

The multi-million dollar donation goes to the Silicon Valley Community Foundation, a non-profit org working to address issues on health and education.

In a status message, Zuckerberg said he’s “really proud of the work” they’ve done for this project called Startup: Education in Newark, New Jersey. His donation helped fund teachers contracts and open charter schools and high schools among other causes.

Zuckerberg noted they will “look for areas in education and health to focus on next” hoping that their next projects will have “as positive an impact” to communities.