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Zuckerberg to Donate 99% of Meta Shares to Philanthropy, Launching Long‑Term Impact Fund
✍️ Times of India
🗓 08 Nov 2026, 06:20 AM
👁 11
Meta co‑founder Mark Zuckerberg and his wife Priscilla Chan have announced a plan to give away 99% of their Meta shares, directing the proceeds into a long‑term fund aimed at advancing human potential and equality.
Mark Zuckerberg and his wife Priscilla Chan have formally pledged to donate 99% of their Meta shares to a philanthropic initiative that will be managed as a long‑term impact fund. The announcement was made in an open letter that outlined the couple’s vision of using technology to tackle systemic challenges such as disease, education gaps and limited internet access.
The couple plans to invest the proceeds in projects that promote human potential and equality for future generations. They emphasize that the fund will focus on sustainable, high‑impact interventions rather than short‑term grants, ensuring that the benefits accrue over decades.
Zuckerberg highlighted the role of technology as a catalyst for positive change, noting that the same tools that built Meta can now be leveraged to empower communities worldwide. The letter also stresses the importance of long‑term commitment, stating that the fund will be governed by a board of experts in health, education and digital infrastructure.
While the exact allocation of the fund remains to be detailed, the announcement signals a significant shift in how tech billionaires are approaching philanthropy, blending equity ownership with purposeful, data‑driven impact.
The couple plans to invest the proceeds in projects that promote human potential and equality for future generations. They emphasize that the fund will focus on sustainable, high‑impact interventions rather than short‑term grants, ensuring that the benefits accrue over decades.
Zuckerberg highlighted the role of technology as a catalyst for positive change, noting that the same tools that built Meta can now be leveraged to empower communities worldwide. The letter also stresses the importance of long‑term commitment, stating that the fund will be governed by a board of experts in health, education and digital infrastructure.
While the exact allocation of the fund remains to be detailed, the announcement signals a significant shift in how tech billionaires are approaching philanthropy, blending equity ownership with purposeful, data‑driven impact.