Facebook's Zuckerberg vows to donate his wealth

Facebook co-founders sign the Giving Pledge, promising to donate majority of their fortunes

Mark Zuckerberg, the billionaire behind Facebook, has pledged to part with a sizable chunk of his fortune for good causes.

Zuckerberg and 15 other billionaires signed on to the Giving Pledge, agreeing to donate the majority of their fortunes to charity. With the new names added to the list of charitable donors today, there now are 50 signatures, including AOL co-founder Steve Case, Microsoft co-founder Paul Allen and Larry Ellison, co-founder and CEO of Oracle.

Zuckerberg isn't the only one at Facebook to make the pledge. Dustin Moskovitz, who co-founded Facebook along with Zuckerberg, also took the pledge.

"People wait until late in their career to give back," Zuckerberg said in a statement. "But why wait when there is so much to be done? With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts."

The Giving Pledge, an effort organized by Bill Gates, asks the wealthiest individuals and families in the U.S. to commit to giving the majority of their wealth to the charitable organizations of their choice either during their lifetime or after their death.

This isn't Zuckerberg's first major charitable donation.

This past September, Zuckerberg announced the creation of a new foundation called Startup: Education. He also seeded the organization with an "initial gift" of $100 million earmarked for the Newark, N.J., school system.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IT industrybusiness issuesFacebookpersonnelWeb 2.0 and Web AppsManagement and Careers

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sharon Gaudin

Computerworld (US)
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?