Mark Zuckerberg to give 99 percent of his Facebook shares to charity

"We have a moral responsibility to all children in the next generation."

On Monday (December 1st), Facebook Co-Founder and CEO Mark Zuckerberg, along with his wife Priscilla Chan penned a letter to their newly born daughter Max, about their pledge to make a the world a better place.

The pair announced via Facebook their decision to donate 99% of their Facebook shares to their newly founded Chan Zuckerberg Initiative. The project aims to “seek to advance human potential and promote equality.”

The lengthy letter outlines why they hope their child never has to experience equality issues which many children are facing today. From civil rights issues to global warming, education to health care and more, Zuckerberg pledges to try and make a difference with his and Priscilla’s time, money, and effort.

“While headlines often focus on what’s wrong, in many ways the world is getting better,” Zuckerberg writes. “Health is improving. Poverty is shrinking. Knowledge is growing. People are connecting. Technological progress in every field means your life should be dramatically better than ours today.”

Currently the Zuckerberg’s stock values at around $40-45 billion dollars, one he calls a “small contribution”, on a global level. This is part of Bill and Melinda Gates’ Giving Pledge the Facebook CEO signed, which commits him to donate the majority of his lifetime income to philanthropy.

“We will do our part to make this happen, not only because we love you, but also because we have a moral responsibility to all children in the next generation.”

Take a look at the entire post below:

Priscilla and I are so happy to welcome our daughter Max into this world!For her birth, we wrote a letter to her about…

Posted by Mark Zuckerberg on Tuesday, December 1, 2015

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