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: Facebook's Zuckerberg makes $1 billion donation to local nonprofit

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

Apple's fiscal 3Q earnings top analyst forecasts

28 minutes ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

Verizon 2Q profit rises 93 percent

7 hours ago

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

Ex-Qualcomm exec pleads guilty to insider trading

23 hours ago

A former high-ranking executive of US computer chip giant Qualcomm pleaded guilty Monday to insider trading charges, including trades on a 2011 deal for Atheros Communications, officials said.

User comments : 0