In 2010, Zuckerberg donated an undisclosed amount to Diaspora, an open-source personal Web server that implements a distributed social networking service. He called it a "cool idea".
Zuckerberg founded the Start-up: Education foundation. On September 22, 2010, it was reported that Zuckerberg had donated $100 million to Newark Public Schools, the public school system of Newark, New Jersey. Critics noted the timing of the donation as being close to the release of The Social Network, which painted a somewhat negative portrait of Zuckerberg. Zuckerberg responded to the criticism, saying, "The thing that I was most sensitive about with the movie timing was, I didn't want the press about The Social Network movie to get conflated with the Newark project. I was thinking about doing this anonymously just so that the two things could be kept separate." Newark Mayor Cory Booker stated that he and New Jersey Governor Chris Christie had to convince Zuckerberg's team not to make the donation anonymously. The money was largely wasted, according to journalist Dale Russakoff.
On December 9, 2010, Zuckerberg, Bill Gates, and investor Warren Buffett signed "The Giving Pledge", in which they promised to donate to charity at least half of their wealth over the course of time, and invited others among the wealthy to donate 50 percent or more of their wealth to charity.
In December 2012, Zuckerberg and his wife Priscilla Chan announced that over the course of their lives they would give the majority of their wealth to "advancing human potential and promoting equality" in the spirit of The Giving Pledge.
On December 19, 2013, Zuckerberg announced a donation of 18 million Facebook shares to the Silicon Valley Community Foundation, to be executed by the end of the month—based on Facebook's valuation as of then, the shares totaled $990 million in value. On December 31, 2013, the donation was recognized as the largest charitable gift on public record for 2013. The Chronicle of Philanthropy placed Zuckerberg and his wife at the top of the magazine's annual list of 50 most generous Americans for 2013, having donated roughly $1 billion to charity.
In October 2014, Zuckerberg and his wife Priscilla Chan donated US$25 million to combat the Ebola virus disease, specifically the West African Ebola virus epidemic.
On December 1, 2015, Zuckerberg and Chan pledged to transfer 99% of their Facebook shares, then valued at US$45 billion, to the Chan Zuckerberg Initiative, their new organization that will focus on health and education. The funds will not be transferred immediately, but over the course of their lives. Instead of forming a charitable corporation to donate the value of the stock to, as Bill Gates, Warren Buffett, Larry Page, Sergey Brin and other billionaires have done, Zuckerberg and Chan chose to use the structure of a limited liability company (LLC). Some journalists and academics have said the Chan Zuckerberg Initiative conducts philanthrocapitalism.
In 2016, the Chan Zuckerberg Initiative gave $600 million to create the tax-exempt charity Chan Zuckerberg Biohub, a collaborative research space in San Francisco's Mission Bay District near the University of California, San Francisco, with the intent to foster interaction and collaboration between scientists at UCSF, University of California, Berkeley, and Stanford University. Intellectual property generated would be jointly owned by Biohub and the discoverer's home institution. Unlike foundations like the Bill and Melinda Gates Foundation which open up all research funded to unrestricted access and reuse by the public, Biohub retains the right to commercialize any research it funds. Inventors will have the option of making their discoveries open-source, with permission from Biohub. To increase access to scientific research and promote open science, CZ Biohub requires its investigators and staff scientists to publish submitted manuscripts and related data on preprints servers like bioRxiv.
Amidst the COVID-19 pandemic, Zuckerberg donated $25 million to a Bill and Melinda Gates Foundation-backed accelerator that is searching for treatments for the disease. He also announced $25 million in grants to support local journalism that was impacted by the pandemic and $75 million in advertisement purchases in local newspapers by Facebook, Inc., where Facebook will market itself.
Zuckerberg founded the Start-up: Education foundation. On September 22, 2010, it was reported that Zuckerberg had donated $100 million to Newark Public Schools, the public school system of Newark, New Jersey. Critics noted the timing of the donation as being close to the release of The Social Network, which painted a somewhat negative portrait of Zuckerberg. Zuckerberg responded to the criticism, saying, "The thing that I was most sensitive about with the movie timing was, I didn't want the press about The Social Network movie to get conflated with the Newark project. I was thinking about doing this anonymously just so that the two things could be kept separate." Newark Mayor Cory Booker stated that he and New Jersey Governor Chris Christie had to convince Zuckerberg's team not to make the donation anonymously. The money was largely wasted, according to journalist Dale Russakoff.
On December 9, 2010, Zuckerberg, Bill Gates, and investor Warren Buffett signed "The Giving Pledge", in which they promised to donate to charity at least half of their wealth over the course of time, and invited others among the wealthy to donate 50 percent or more of their wealth to charity.
In December 2012, Zuckerberg and his wife Priscilla Chan announced that over the course of their lives they would give the majority of their wealth to "advancing human potential and promoting equality" in the spirit of The Giving Pledge.
On December 19, 2013, Zuckerberg announced a donation of 18 million Facebook shares to the Silicon Valley Community Foundation, to be executed by the end of the month—based on Facebook's valuation as of then, the shares totaled $990 million in value. On December 31, 2013, the donation was recognized as the largest charitable gift on public record for 2013. The Chronicle of Philanthropy placed Zuckerberg and his wife at the top of the magazine's annual list of 50 most generous Americans for 2013, having donated roughly $1 billion to charity.
In October 2014, Zuckerberg and his wife Priscilla Chan donated US$25 million to combat the Ebola virus disease, specifically the West African Ebola virus epidemic.
In 2016, the Chan Zuckerberg Initiative gave $600 million to create the tax-exempt charity Chan Zuckerberg Biohub, a collaborative research space in San Francisco's Mission Bay District near the University of California, San Francisco, with the intent to foster interaction and collaboration between scientists at UCSF, University of California, Berkeley, and Stanford University. Intellectual property generated would be jointly owned by Biohub and the discoverer's home institution. Unlike foundations like the Bill and Melinda Gates Foundation which open up all research funded to unrestricted access and reuse by the public, Biohub retains the right to commercialize any research it funds. Inventors will have the option of making their discoveries open-source, with permission from Biohub. To increase access to scientific research and promote open science, CZ Biohub requires its investigators and staff scientists to publish submitted manuscripts and related data on preprints servers like bioRxiv.
Amidst the COVID-19 pandemic, Zuckerberg donated $25 million to a Bill and Melinda Gates Foundation-backed accelerator that is searching for treatments for the disease. He also announced $25 million in grants to support local journalism that was impacted by the pandemic and $75 million in advertisement purchases in local newspapers by Facebook, Inc., where Facebook will market itself.
