News

Zuckerberg donates Facebook shares to local nonprofit

 

Mark Zuckerberg, CEO of Facebook, donated 18 million shares of the social media company to the Silicon Valley Community Foundation in December. Facebook stock is currently trading at around $53 a share on NASDAQ, making the donation a nearly billion-dollar gift to the local nonprofit.

Foundation representatives declined to comment on how the donation will be used. The nonprofit provides funding, grants and financial management for other organizations, including Peninsula Arts & Letters, the new nonprofit events arm of Kepler's Books.

— Sandy Brundage

Comments

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Posted by whatever
a resident of Menlo Park: Central Menlo Park
on Jan 9, 2014 at 9:12 am

Kind of old news Sandy. Everyone else carried this story three weeks ago on Dec 20th, with a bit more info.


Like this comment
Posted by Sandy Brundage, Almanac Staff Writer
a resident of Menlo Park: Downtown
on Jan 9, 2014 at 9:41 am

It ran in an earlier issue of the Almanac's print edition.


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