Zuckerberg pledges to donate 99% of Facebook shares to charity

He made the announcement in a letter addressed to his new-born daughter, Max, where he also announced an initiative called the Chan Zuckerberg Initiative

Published Date
02 - Dec - 2015
| Last Updated
02 - Dec - 2015
read in : తెలుగు
 
Zuckerberg pledges to donate 99% of Facebook shares to charity

Mark Zuckerberg and his wife, Priscilla Chan, have pledged to donate 99% of their Facebook shares (worth about $45 billion) to charity over the course of their lives. Zuckerberg made the announcement in a letter addressed to his new-born daughter, Max. In the letter, he also announced the start of a new initiative called the Chan Zuckerberg Initiative. Its aim is to “join people across the world to advance human potential and promote equality for all children in the next generation.” He also said that the initial areas of focus would be personalised learning, curing diseases, connecting people, and building strong communities. He also said, “we have a moral responsibility to all children in the next generation.”

In the letter, Zuckerberg said, “Today, most people die from five things -- heart disease, cancer, stroke, neurodegenerative and infectious diseases -- and we can make faster progress on these and other problems.” He added, “Once we recognize that your generation and your children's generation may not have to suffer from disease, we collectively have a responsibility to tilt our investments a bit more towards the future to make this reality. Your mother and I want to do our part.”

He also spoke about the importance of personalised learning, and said, “Our generation grew up in classrooms where we all learned the same things at the same pace regardless of our interests or needs. Your generation will set goals for what you want to become -- like an engineer, health worker, writer or community leader. You'll have technology that understands how you learn best and where you need to focus. You'll advance quickly in subjects that interest you most, and get as much help as you need in your most challenging areas. You'll explore topics that aren't even offered in schools today. Your teachers will also have better tools and data to help you achieve your goals.”

Yesterday, Zuckerberg posted that he was going to offer his support to Bill Gates’ clean energy initiative - the Breakthrough Energy Coalition. Others who support the initiative included Alibaba Executive Chairman, Jack Ma, Indian industrialist Mukesh Ambani, and more. Bill Gates announced the initiative during the United Nations Climate Summit being held in Paris.

Source: Facebook

Shrey PachecoShrey Pacheco

Writer, gamer, and hater of public transport.