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Mark Zuckerberg Signs The Giving Pledge

Mark Zuckerberg Signs The Giving Pledge

Mark Zuckerberg has joined Warren Buffet, Bill Gates and many other wealthy Americans in the Giving Pledge.  This is a promise by some of the richest individuals and families in the country to donate at least half of their wealth to charity, either over their lifetime or after their death.

Currently Zuckerberg is estimated to be worth $6.9 billion, and this is not his first time giving to charity.  He donated to the open-source social network Diaspora, which called themselves the “anti-Facebook.”  He also donated $100 million to the Newark Public Schools, which he did not attend.

According to a release from Zuckerberg, “People wait until late in their career to give back. But why wait when there is so much to be done? With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts.”

Maybe, as many have written, he’s a much better person than they made him out to be in The Social Network.

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Photo credit: via Flickr, Ludovic Toinel

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159 comments

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7:10AM PST on Jan 14, 2011

Barry T. makes a good point~~"...their wealth is growing faster than they are in fact giving it away."

4:59PM PST on Jan 5, 2011

I agree that what they give is just a pitance. I feel that if they paid appropriate taxes it could sure help the country out. Jobs are what is needed and I consider this billionaire group to be genius level when it comes to making money, so please come up with some creative ways to get the ball rolling, and business back on track. Also give some ideas how to get on your feet again when you have lost everything and can't even afford a place to live. no money for transportation to go looking, hardly enough to feed your family. Sorry if this sounds trite but it is tough out there!!!

12:38AM PST on Jan 5, 2011

How wonderful! Sharing the wealth. Blessings!

10:48AM PST on Dec 27, 2010

Charles, the wealthy have NEVER been generous - most charity comes from the pockets of income-earning, hard-working average people. The wealthy have always been stingy beyond imagination and this continues today.

From Wikipedia, for example:

http://en.wikipedia.org/wiki/Charity_(practice)

There have been examinations of who gives more to charity. One study conducted in the United States found that as a percentage of income, charitable giving increased as income decreased. The poorest fifth of Americans, for example, gave away 4.3% of their income, while the wealthiest fifth gave away 2.1%. In absolute terms, this was an average of $453 on an average income of $10,531, compared to $3,326 on an income of $158,388.[

Or this:

http://seattletimes.nwsource.com/html/nationworld/2009253657_charity23.html
America's poor are its most generous donors


Even the Gates/Buffet situation is more than a little bit suspicious. If you do the research, you will find that not only do they keep announcing and re-announcing their charitable giving (why such a great need to get credit, which flies directly in the face of the spirit of giving?) , but the numbers keep changing. One time they are giving away half, another 2/3s, another 95%, another “most” … but the most telling fact is that they are “giving the money away” at the astonishing rate of 3.5% a year.

That is, their wealth is growing faster than they are in fact giving it away.

LOL.

3:49AM PST on Dec 26, 2010

This is great article

8:44PM PST on Dec 23, 2010

Go, Mark Zuckerberg, me a fan and user of Facebok, even if I have mixed feelings about Facebook!

9:52PM PST on Dec 20, 2010

There are so many environmental and animal welfare groups that could really do with his help. He hasn't spent his money very wisely. Somoene should tell him to donate to WSPA, ASPCA, Wildlife defenders, Humane Society to name but a few of the areas that are desperate for funding to save species and spread awareness of the plight of our planet.

12:03PM PST on Dec 20, 2010

Charles-- He's the creator of Facebook.

6:32PM PST on Dec 19, 2010

thanks

5:30PM PST on Dec 18, 2010

Good

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