Co-founder and CEO of Facebook Mark Zuckerberg and his wife Priscilla Chan pledged for life to part with 99% of their shares of Facebook, transferring them to charity.
The promise they are issued in the form of an open letter to his daughter Max who was born about a week ago. The child was their firstborn. Prior to this three pregnancies end in miscarriage Chan. “We are for life give up 99% of our shares of Facebook, now they cost $ 45 billion to as many others, to make this world a better place for future generations,” – said in a statement.
Zuckerberg and Cheng reported the establishment of the organization Chan Zuckerberg Initiative, which will manage their funds. The first area for which the couple will donate their money, will be “personalized training, disease control, improvement of communication between people and building strong communities».
Unlike other similar funds, whose creators have chosen the ultimate in charity a non-profit organization, Chan Zuckerberg Initiative is a limited liability company. This will allow the structure Zuckerberg not only handing out grants, but also to invest in young companies, to lobby for their interests in Washington and try to influence the public debate on the various issues. Any investment income at the same time remain in the accounts of the Fund.
The solution couple Zuckerberg is another sign of the growing young billionaires of Silicon Valley interest in charity, says The New York Times. Unlike the previous generation of IT-business, youth (Zuckerberg turned 31, Chan – 30) is ready to invest their capital in the common good, without waiting for retirement.
Source: The New York Times
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