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When you’ve got money to burn, it must be a wonderful thing. Facebook founder Mark Zuckerberg set the standard for giving this week by donating half a billion dollars to charity right before Christmas.  The money is going to be given to the Silicon Valley Community Foundation which will focus on education and health related initiatives.  The donation isn’t actually cash, just stock. That means the value can go either up or down, depending on stock market conditions and the economic future of his company. “I’m hopeful we’ll be able to have as positive an impact in our next set of projects,” Zuckerberg said in a status update on his Facebook page. Zuckerberg is one of a kind when it comes to being generous with his money.  Just two years ago, he shocked the world by giving over $100,000,000 to the public school system in Newark, New Jersey. Charitable giving at this level has set a new standard, as the technology chiefs have used their massive wealth transfer for the good of more than just the select few.  Traditionally, wealth is hoarded within particular families so that individuals and small groups of people have for more money than they will ever need. There is no certainty of the future of Facebook, but companies such as this one have changed the way commerce is done all around the world.  If they keep giving money away at this level, we might all be better because of it.

Mark Zuckerberg Gives Away Nearly Half a Billion Dollars to Charity

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When you’ve got money to burn, it must be a wonderful thing. Facebook founder Mark Zuckerberg set the standard for giving this week by donating half a billion dollars to charity right before Christmas.  The money is going to be given to the Silicon Valley Community Foundation which will focus on education and health related initiatives.  The donation isn’t actually cash, just stock. That means the value can go either up or down, depending on stock market conditions and the economic future of his company.

“I’m hopeful we’ll be able to have as positive an impact in our next set of projects,” Zuckerberg said in a status update on his Facebook page.

Read Original Article At Techyville

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2 comments

  1. Honestly, this sounds like more of an investment than charity. He put a billion worth of stock in a charitable org. name. Big deal. That org CAN'T use it right away until they sell it and who knows if Facebook stock will crash again. If he truly gave a damn… he would've just cut a cheque like so many other middle-income families and lower-income individuals who sometimes give their time AND money. This doesn't impress me one bit.

  2. As a plain citizen, who is on a fixed income, SS, married to woman on a fixed income w/a daughter about to graduate from college, I would really appreciate your discontinuing your announcements regarding your philanthropic endeavors, unless you fork over a couple bucks her way to assist in her future, invest in her!

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