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