Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, have repeatedly displayed their commitment to charitable giving and education, and the power couple took another giant step Thursday with their announcement of a $120 million pledge to aid schools in low-income communities in the San Francisco Bay area.
East Palo Alto
Facebook described its efforts to help improve the San Francisco Bay area and Silicon Valley in response to a question at its annual meeting at the Sofitel San Francisco Bay in Redwood City, Calif.
The charitable donations keep coming from Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, as AP reported that the couple will donate $5 million toward the $29 million cost of expanding a Silicon Valley community health center.
As part of the expansion agreement Facebook reached with its headquarters city of Menlo Park, Calif., the social network agreed to create a $500,000 foundation. Facebook added $100,000 to that total Tuesday and announced grants of $2,500 to $5,000 to 42 nonprofit organizations in Menlo Park and East Palo Alto, Calif.