Mark Zuckerberg Donates $500 MILLION to Charity

by at .  Updated at . Comments

Mark Zuckerberg has donated $500 million to charity. No, that is not a misprint.

The Facebook CEO handed off that amount in company stock Tuesday, with the Silicon Valley Community Foundation -  a nonprofit that works with donors to allocate their contributions - the beneficiary of the monumental sum.

Can Zuckerberg afford it? Oh yes: he earned $3.5 billion in November alone. Again, that is not a misprint.

But this is still an impressive gesture, of course, and it comes on the heels of his 2010 donation of $100 million to help improve Newark schools.

In a Facebook post, referring to the latest charitable move, Zuckerberg said he "will look for areas in education and health to focus on," while Silicon Valley Community Foundation CEO Emmett D. Carson added:

"Mark's generous gift will change lives and inspire others in Silicon Valley and around the globe to give back and make the world a better place."

It's been quite a good year for Zuckerberg, as Facebook went public and he married Priscilla Chan.

Tags: ,