zuckerberg pledge

FB Zuckerberg Donates 99 Percent of Shares To Charity to Celebrate Birth of Daughter

Facebook’s Mark Zuckerberg (who needs no further introduction) and his wife Priscilla are celebrating the birth of their first child ( a girl named Max) by announcing that he and his wife will move 99% of their shares in Facebook (NYSE:FB) to a charitable trust. For those without a calculator, that’s $45bil of net worth that will go to a trust.

Wow. OK…a big announcement that makes CNBC wonks slather with commentary..but there’s lots of small print in the plan…this is a long-term allocation to the newly-created trust. It will be funded in incremental stages, etc etc.

Here’s a post post summary courtesy of the front page of the NY Times