Town Square

Post a New Topic

Zuckerberg donates $500 million to foundation that supports Pleasanton Weekly Holiday Fund

Original post made on Dec 19, 2012

Facebook CEO Mark Zuckerberg announced Tuesday that he is giving nearly $500 million in Facebook stock to the Silicon Valley Community Foundation -- its largest donation ever.

Read the full story here Web Link posted Wednesday, December 19, 2012, 6:20 AM

Comments (2)

 +   Like this comment
Posted by Ken Dreger
a resident of another community
on Dec 19, 2012 at 7:20 am

This is great, Good job Mark. Here is another project you and the wife can donate to, it is called The Man In The Sea Memorial Monument, it is being created by a non-profit called Homeland Security Policy Institute Group, Inc. We are trying to raise funds to create a 11' bronze statue of a hard hat diver in Washington DC to honor all Military divers who went to the old diving school in WNY. Here is the link so you can contact us and see what is going on. www.hspig.org We need funding!!! Tom Hanks and his wife Rita have also helped out with some of the preliminary funding.


 +   Like this comment
Posted by Jill
a resident of Birdland
on Dec 19, 2012 at 3:34 pm

Smart move for Mark, and welcome, but the government is probably not all that happy.

Mark did not give $500 million but actually gave $500 million in Facebook stock. This means that no taxes will be paid on the capital gain of that stock. Assuming the stock was valueless at purchase time, that stock would have had a $500 million capital gain. That would have been quite a bit of taxes for both the state and the feds but since he donated the stock, no capital gains taxes were paid on it, but he gets a $500 million deduction on his taxes.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Martin Litton, force of nature. An appreciation.
By Tom Cushing | 2 comments | 837 views

Where's the wind?
By Roz Rogoff | 2 comments | 757 views

What to do with your buckets of water
By Tim Hunt | 2 comments | 508 views