Facebook founder Mark Zuckerberg and his wife, pediatrician Priscilla Chan, will be giving away 99% of their Facebook shares.
Zuckerberg said he and his wife, whose shares in the company are currently worth $45 billion, will give them away in order to "join many others in improving this world for the next generation." This means that the money will be structured as a limited-liability corporation, a Facebook representative told BuzzFeed news.
The money will be used to "further the mission of advancing human potential and promoting equality," according to an SEC filing by the company. This goal will be accomplished by "means of philanthropic, public advocacy, and other activities for the public good."
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Zuckerberg said he and his wife, whose shares in the company are currently worth $45 billion, will give them away in order to "join many others in improving this world for the next generation." This means that the money will be structured as a limited-liability corporation, a Facebook representative told BuzzFeed news.
The money will be used to "further the mission of advancing human potential and promoting equality," according to an SEC filing by the company. This goal will be accomplished by "means of philanthropic, public advocacy, and other activities for the public good."
Continue reading…
Continue reading...