Mark Zuckerberg Donates $500 MILLION to Charity

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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.

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So generous...no wait it's called a tax write off....rich people do this all the time to avoid taxes...

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@ Brian

Don't embarrass yourself, Brain. Donating to charites doesn't help the rich "avoid taxes." They simply don't pay taxes on the amount they donated. (OAnd why should they?) But since he would have only have to give about $175 million of that to the IRS, it mean his ACTUAL loss was still $325 million...out of pocket. Don't blame the rich because you are a life failure who is literally a burden to society, meaning the world would rather you be dead than exist. ESPECALLY your mother who is embarrassed to have even given birth to you

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thanks for that!

Randy-hayes

good for Marky

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Its nice, sure, but not how he got to where he is to be able to give that money. Most of the richest people wouldn't be rich if they had proper ethics, they are sharks that eat up anyone they can, like Microsoft. Oh, Mark started making it big by selling your personal information you thought was private. What a wonderful person. The richest man in the world, steals from US organizations meant to help the poor, and hes Mexican! Name a rich man and I can give you reasons they deserve to be in prison more so than any Heroin smuggler.

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@ Justin

So...in your pathetic, suicidal world, you can just make stuff up and claim it as a fact? Facebook has NEVER taken a single piece of personal information from you that you didn't EXPLICITLY give it. And they were always up front about it. Meanwhile...Google, who I am sure you LOVE...takes every piece of personal information on you they can get...even if you aren't ON THEIR SITE. And they sell it to FAR more people than Facebook. So much so that they are worth a third of a TRILLION dollars

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Great to always hear about huge donations. As the article states, he can afford it plus more. Wish I had tons of money so I could donate, but unfortunately I am not in that position.

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@ Dmed

Bill gates

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Bravo Mark .Ask Obama,Bidin ,Polosi and HarryReed how mach thay give to charitys ?

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@ Olga

Obama gave 25% of his earnings to charity.

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May God Bless You Always Mark. Gotta Love this!

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