Wow! This is big news for Palo Alto. In one shot this is more money given to a community foundation than is give to 1000’s of do gooder charites in a life time of the charity. Hope is does some good. This charity that doesn’t really need it.

“Two years ago, Priscilla and I signed The Giving Pledge, committing to donate the majority of the money we earn to charity.big bucks

Our first major project has been around education reform with Startup: Education in Newark, NJ. I’m really proud of the work we’ve done there, helping leaders like Governor Chris Christie and Mayor Cory Booker sign the most progressive teachers contract in our country, opening four new district high schools, 11 new charter schools and more.

Today, in order to lay the foundation for new projects, we’ve made a contribution of 18 million Facebook shares to the Silicon Valley Community Foundation. Together, we will look for areas in education and health to focus on next. I’m hopeful we’ll be able to have as positive an impact in our next set of projects.”

Mark Zuckerberg
Facebook