Silicon Valley Community Foundation CEO Emmett Carson is saying little at this point about the $500 million gift in Facebook stock that company CEO Mark Zuckerberg gave the foundation this week for spending on education and health. Zuckerberg, 28, made his announcement, with little specifics, that he would donate 18 million shares – where else? – but on his Facebook page on Tuesday. By Thursday morning, it had 200,000 “likes.”
Community foundations are charities that manage the investments of their donors and match their philanthropic interests to good causes. Those don’t have to be confined geographically; plenty of donors give to non-profits nationally and abroad or to their college or church. But Silicon Valley Community Foundation’s focus on San Mateo and Santa Clara counties is giving superintendents and charter school leaders from cities south of San Francisco to San Jose early dreams of sugar plums. In addition, Zuckerberg, and his wife, Priscilla, live in Palo Alto.