Facebook CEO Mark Zuckerberg said he is donating nearly $500 million in stock to a Silicon Valley charity with the aim of funding health and education issues.
Zuckerberg donated 18 million Facebook shares, valued at $498.8 million based on their Tuesday closing price. The beneficiary is the Silicon Valley Community Foundation, a nonprofit that works with donors to allocate their gifts. This is Zuckerberg’s largest donation to date. He pledged $100 million in Facebook stock to Newark, N.J., public schools in 2010, before his company went public earlier this year.
Prior to the 2013 IRS loss of charitable donation deduction, Zuckerberg donates 18 million shares of Facebook stock.Eye View matches with donation of rare bobblehead doll collection.True value of both donations to be determined.
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