Facebook's Zuckerberg gives $5M for health center

Jan 22, 2014

Facebook CEO Mark Zuckerberg and his wife are donating $5 million to help expand a community health center in Silicon Valley.

The gift—announced Wednesday—will cover part of the $29 million cost for adding another facility to the Ravenswood Family Health Center in East Palo Alto, Calif. That's not far from Facebook Inc.'s headquarters in Menlo Park, Calif.

The new building is expected to be complete next year.

The 29-year-old Zuckerberg has become one of the world's richest people since he started Facebook's at Harvard University nearly a decade ago. Forbes magazine estimates his wealth at $19 billion.

Zuckerberg has been funneling some of fortune into philanthropy. Last year, he and his wife, Priscilla Chan, donated Facebook stock valued at $900 million to the Silicon Valley Community Foundation.

Explore further: Smart Spending: Why investors are applauding Amazon earnings

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Zuckerberg donates $500 mn to charity

Dec 19, 2012

With Christmas just days away, Facebook co-founder Mark Zuckerberg has announced a donation of about a half-billion dollars worth of his company's stock to charity in Silicon Valley.

Mark Zuckerberg becomes a home owner: report

May 05, 2011

A local newspaper on Thursday reported that Facebook co-founder Mark Zuckerberg is giving up life as a renter for a posh house a short drive from the social network's new Silicon Valley campus.

Recommended for you

Airbnb to expand tax collection efforts

13 hours ago

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

14 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

21 hours ago

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

Amazon surprises with profit despite fierce spending

Jan 29, 2015

Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programs and delivery drones.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.