Face­book CEO do­nates $498.8M to char­ity

12/26/2012
BLADE STAFF AND NEWS SERVICES
Facebook-Zuckerberg-donation

ASSOCIATED PRESS

SAN FRANCISCO — Mark Zuck­er­berg, chief ex­ec­u­tive of­fi­cer of Face­book Inc., has do­nated 18 mil­lion Face­book shares, val­ued at $498.8 mil­lion, to a Sili­con Val­ley char­ity that works with do­nors to al­lo­cate gifts to health and ed­u­ca­tion causes.

The gift is Mr. Zuck­er­berg's larg­est to date. He pledged $100 mil­lion in Face­book stock to New­ark, N.J., pub­lic schools in 2010, be­fore his com­pany went pub­lic this year.