Mark Zuckerberg donates $95M Facebook shares in charity

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Mark Zuckerberg just unloaded about $95 million worth of stock, according to a new US Securities and Exchange Commission filing.

But the Facebook CEO isn’t prepping for a lavish vacation. All the proceeds from his sale and gift will go to the philanthropic foundation that he announced last December, the Chan Zuckerberg Initiative.

Zuckerberg and his wife, Priscilla Chan, created the initiative as a vessel to give away all of their wealth to causes related to personalized learning, curing diseases, and connecting people.

 

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This is the first time that he’s cashed out since the initial unveiling of the plan. He has said that he will sell or gift no more than $1 billion of Facebook stock each year.

Here’s the breakdown of Zuckerberg’s filing, from Sqoop:

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