Facebook CEO Mark Zuckerberg announced -- via Facebook, of course -- that he and his wife, Priscilla Chan, have donated 18 million Facebook shares to the Silicon Valley Community Foundation, a non-profit organization that works with philanthropists to manage their donations.
With Facebook stock worth around $27 a share at the time of this post, Zuckerberg and Chan's donation is worth just south of $500 million, making it his largest charitable donation yet. Zuckerberg said in his Facebook post that they plan to look for "areas in education and health to focus on next."
Zuckerberg was worth over $10 billion as of August 2012, and will take a salary of $1 per year starting in 2013.
The donation to the Silicon Valley Community Foundation marks the Facebook co-founder's second major act of philanthropy in as many years: In September 2010, Zuckerberg donated $100 million in Facebook stock to help Newark schools.
This is generosity at its peak!!
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