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Zuckerberg tops US donations with $1.27b: Report

Published on Feb 11, 2014 5:57 AM
 
Facebook founder and CEO Mark Zuckerberg was America's most generous donor in 2013, giving nearly US$1 billion (S$1.27 billion) of his fortune to charity, according to a magazine report on Monday. -- FILE PHOTO: REUTERS

WASHINGTON (AFP) - Facebook founder and CEO Mark Zuckerberg was America's most generous donor in 2013, giving nearly US$1 billion (S$1.27 billion) of his fortune to charity, according to a magazine report on Monday.

The Chronicle of Philanthropy, which tracks charitable giving in the United States, said Mr Zuckerberg and his wife Priscilla Chan gave 18 million shares of Facebook stock, valued at some US$992 million, to the Silicon Valley Community Foundation.

The Mountain View, California-based foundation specializes in investment and management of charitable funds, with some US$4.7 billion in assets under management.

Over the past two years, Mr Zuckerberg and his wife, a physician, have given 36 million Facebook shares to the fund, valued at about US$1.5 billion.

 
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