Other prominent philanthropic projects

Mark Zuckerberg, Chairman and CEO of Facebook, and his wife, Priscilla Chan, arrive for an official State dinner at the White House in Washington, in this Sept 25, 2015, file photo.
Mark Zuckerberg, Chairman and CEO of Facebook, and his wife, Priscilla Chan, arrive for an official State dinner at the White House in Washington, in this Sept 25, 2015, file photo.PHOTO: REUTERS

SAN FRANCISCO • Mr Mark Zuckerberg and his wife, Dr Priscilla Chan, are setting a high bar that is bringing more money to philanthropic endeavours.

Mr Zuckerberg, who announced that he will give about US$45 billion (S$64 billion) to a new philanthropy project focusing on human potential and equality, has already been lauded for donating US$1.5 billion in Facebook stock to the Silicon Valley Community Foundation (SVCF).

Microsoft founder Bill Gates remains the most famous tech donor - he, along with his wife Melinda, has given US$30.7 billion as of last year to the Bill & Melinda Gates Foundation, known for work in alleviating poverty and boosting healthcare.

Meanwhile, Nicholas and Jill Woodman, the founders of GoPro, the wearable camera company, said last year they would give US$500 million to the SVCF, while WhatsApp co-founder Jan Koum pledged more than US$500 million.

Mr Sean Parker, an early Facebook executive and a founder of music-sharing service Napster, has committed US$600 million to his foundation, which has goals of improving civic engagement, public health and life sciences.

Google's Sergey Brin last year gave US$383 million to his family foundation, which supports causes like eradicating poverty. Co-founder Larry Page gave Google stock valued at US$177 million to a foundation named after his father, which focuses on areas such as education and medicine.

REUTERS

A version of this article appeared in the print edition of The Straits Times on December 03, 2015, with the headline 'Other prominent philanthropic projects'. Print Edition | Subscribe