Mark Zuckerberg, Facebook co-founder, plans to give 18 million shares of his company’s stock, currently worth nearly $1-billion, to the Silicon Valley Community Foundation, according to Emmett Carson, the fund’s chief executive.
The gift comes a year after Mr. Zuckerberg and his wife, Priscilla Chan, donated shares then worth $500-million to the community fund. In recent months, the value has grown tremendously, to at least $986 million. Mr. Carson declined to say how the money would be used, but when the couple committed money last year, they said they wanted it to go primarily to health and education.
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