Courtesy -Yahoonews
Mark
Zuckerberg announced Tuesday he is a dad and
pledged to give away his fortune to make the world
a "better place" for baby daughter Maxima and
others.
In a letter to Maxima posted on his Facebook page,
Zuckerberg and wife Priscilla Chan said they were
going to give away 99 percent of their company
shares -- estimated
value $45 billion -- during their
lives in an effort to make a happy and healthy
world.
"Max, we love you and feel a great responsibility to
leave the world a better place for you and all
children. We wish you a life filled with the same
love, hope and joy you give us. We can't wait to see
what you bring to this world," the letter said.
Zuckerberg will "gift or otherwise direct" nearly all
his shares of Facebook stock, or the after-tax
proceeds of sales of shares, to further a mission of
"advancing human potential and promoting equality"
by means of activities for the public good, the
California-based social network said in a filing with
the US Securities and Exchange Commission.
Zuckerberg "intends to retain his majority voting
position in our stock for the foreseeable future,"
Facebook said in the SEC filing.
"As you begin the next generation of the Chan
Zuckerberg family, we also begin the Chan
Zuckerberg Initiative to join people across the world
to advance human potential and promote equality
for all children in the next generation," the Facebook
chief and his wife said.
"Our initial areas of focus will be personalized
learning, curing disease, connecting people and
building strong communities."
- Giving Pledge -
Zuckerberg early on added his name to those who
have taken a Giving Pledge to dedicate the majority
of their wealth to philanthropy.
"My hat's off to Mark Zuckerberg for making a
decision he'll never regret and making a difference
he'll forever be remembered for," pledge-signer
and former New York City mayor Michael
Bloomberg said in an online post.
"The traditional approach to giving –- leaving it to
old age or death –- is falling by the wayside, as it
should. Mark's decision shows that when it comes
to philanthropy, 30 is the new 70."
Zuckerberg is 31 years old, while Bloomberg is 73.
Names on the pledge include Microsoft co-founder
Bill Gates, Facebook chief operating officer Sheryl
Sandberg, Oracle billionaire Larry Ellison and IAC/
InterActiveCorp powerhouse Barry Diller.
"We believe all lives have equal value, and that
includes the many more people who will live in
future generations than live today," Zuckerberg and
Chan said in their letter to Max.
"Our society has an obligation to invest now to
improve the lives of all those coming into this
world, not just those already here."
Zuckerberg in November said that he and his wife
are donating $20 million to help get high-speed
Internet service to US classrooms.
The money is being given to nonprofit group
Education Super Highway to help with its mission,
the Facebook chief executive said in a post on his
page at the social network.
A month earlier, Zuckerberg and his doctor wife
revealed plans to start a private school in a
hardscrabble Silicon Valley town, mixing education
with health care.
Zuckerberg voiced pride in his wife, Priscilla, for the
plan to create "The Primary School" in the working-
class city of East Palo Alto.
Last year, Zuckerberg and Chan began pumping
$120 million into San Francisco Bay Area schools.
More than five years ago, Zuckerberg channeled
$100 million to improve schools in the New Jersey
city of Newark in an early foray into improving
public education that got failing grades.
- Dad time -
Zuckerberg plans to take two months' paternity
leave to be a dad.
"Studies show that when working parents take time
to be with their newborns, outcomes are better for
the children and families," Zuckerberg said in an
earlier post on his Facebook page.
Beginning with the new year, dads working full-time
for Facebook anywhere in the world will have the
option of taking four months' paid leave.
All new dads working for Facebook outside the US
currently get a minimum of four weeks' paternity
leave, with more time offered in locations where
required by local law, according to Facebook.
Same-sex partners who are not primary caregivers
for babies get the same paid leave time as dads,
the social network said.
The change, effective January 1, essentially raises
parental leave time for dads and non-custodial
same-sex partners from four weeks to four
months.
Maternity leave offered to Facebook employees
around the world is already four months, and the
benefit was available to both moms and dads in the
United States.
Facebook also gives a $4,000 bonus for parents to
help meet the needs of new babies.
See also here
Mark
Zuckerberg announced Tuesday he is a dad and
pledged to give away his fortune to make the world
a "better place" for baby daughter Maxima and
others.
In a letter to Maxima posted on his Facebook page,
Zuckerberg and wife Priscilla Chan said they were
going to give away 99 percent of their company
shares -- estimated
value $45 billion -- during their
lives in an effort to make a happy and healthy
world.
"Max, we love you and feel a great responsibility to
leave the world a better place for you and all
children. We wish you a life filled with the same
love, hope and joy you give us. We can't wait to see
what you bring to this world," the letter said.
Zuckerberg will "gift or otherwise direct" nearly all
his shares of Facebook stock, or the after-tax
proceeds of sales of shares, to further a mission of
"advancing human potential and promoting equality"
by means of activities for the public good, the
California-based social network said in a filing with
the US Securities and Exchange Commission.
Zuckerberg "intends to retain his majority voting
position in our stock for the foreseeable future,"
Facebook said in the SEC filing.
"As you begin the next generation of the Chan
Zuckerberg family, we also begin the Chan
Zuckerberg Initiative to join people across the world
to advance human potential and promote equality
for all children in the next generation," the Facebook
chief and his wife said.
"Our initial areas of focus will be personalized
learning, curing disease, connecting people and
building strong communities."
- Giving Pledge -
Zuckerberg early on added his name to those who
have taken a Giving Pledge to dedicate the majority
of their wealth to philanthropy.
"My hat's off to Mark Zuckerberg for making a
decision he'll never regret and making a difference
he'll forever be remembered for," pledge-signer
and former New York City mayor Michael
Bloomberg said in an online post.
"The traditional approach to giving –- leaving it to
old age or death –- is falling by the wayside, as it
should. Mark's decision shows that when it comes
to philanthropy, 30 is the new 70."
Zuckerberg is 31 years old, while Bloomberg is 73.
Names on the pledge include Microsoft co-founder
Bill Gates, Facebook chief operating officer Sheryl
Sandberg, Oracle billionaire Larry Ellison and IAC/
InterActiveCorp powerhouse Barry Diller.
"We believe all lives have equal value, and that
includes the many more people who will live in
future generations than live today," Zuckerberg and
Chan said in their letter to Max.
"Our society has an obligation to invest now to
improve the lives of all those coming into this
world, not just those already here."
Zuckerberg in November said that he and his wife
are donating $20 million to help get high-speed
Internet service to US classrooms.
The money is being given to nonprofit group
Education Super Highway to help with its mission,
the Facebook chief executive said in a post on his
page at the social network.
A month earlier, Zuckerberg and his doctor wife
revealed plans to start a private school in a
hardscrabble Silicon Valley town, mixing education
with health care.
Zuckerberg voiced pride in his wife, Priscilla, for the
plan to create "The Primary School" in the working-
class city of East Palo Alto.
Last year, Zuckerberg and Chan began pumping
$120 million into San Francisco Bay Area schools.
More than five years ago, Zuckerberg channeled
$100 million to improve schools in the New Jersey
city of Newark in an early foray into improving
public education that got failing grades.
- Dad time -
Zuckerberg plans to take two months' paternity
leave to be a dad.
"Studies show that when working parents take time
to be with their newborns, outcomes are better for
the children and families," Zuckerberg said in an
earlier post on his Facebook page.
Beginning with the new year, dads working full-time
for Facebook anywhere in the world will have the
option of taking four months' paid leave.
All new dads working for Facebook outside the US
currently get a minimum of four weeks' paternity
leave, with more time offered in locations where
required by local law, according to Facebook.
Same-sex partners who are not primary caregivers
for babies get the same paid leave time as dads,
the social network said.
The change, effective January 1, essentially raises
parental leave time for dads and non-custodial
same-sex partners from four weeks to four
months.
Maternity leave offered to Facebook employees
around the world is already four months, and the
benefit was available to both moms and dads in the
United States.
Facebook also gives a $4,000 bonus for parents to
help meet the needs of new babies.
See also here
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