In the end, the most logical choice of entity for the Zuckerberg Chan Initiative was a Limited Liability Company. As each charity sold the stock the financial control he once enjoyed would dissipate across thousands of new individual owners.Talk about birth announcements: Facebook CEO Mark Zuckerberg and his wife say they'll devote nearly all their wealth-roughly $45 billion-to solving the world's problems in celebration of their new baby. Facebook CEO, Now a Father, Will Give Away Most of His Money. They engage directly in the communities they serve because no one understands their societyвЂ™s challenges like those who live them everyday. At the Chan Zuckerberg Initiative, they work t empower strong, independent leaders from academia and government, as well as the technology and nonprofit sectors to do the best work possible.вЂњRare cancers are an important area of research, and through CZIвЂ™s Rare As One. вЂњThe Chan Zuckerberg Initiative is proud to support organizations like the Fibrolamellar Cancer Foundation that are leading the fight against rare cancers,вЂќ said Heidi Bjornson-Pennell, Patient Engagement Strategist at the Chan Zuckerberg Initiative (CZI).

The move is not a surprise, being part of ZuckerbergвЂ™s plan to expedite stock sales to fund the initiative he set up in December 2015 with his wife Priscilla Chan.Дeclaring the 'Chan Zuckerberg Initiative' as they welcomed their first girl Maxima Chan Zuckerberg, the couple said they have created a new foundation that would initially focus on 'personalized learning, curing disease, connecting people and building strong communities'.

The size of the pledge is monumental вЂ“ at an estimated $45 billion, the donation is larger than the Gates Foundation.

In the letter, the parents commit to donating 99% of their shares in Facebook stock to the Chan Zuckerberg Initiative, an organization founded in 2009 to вЂњadvance human potential and promote equalityвЂќ through long-term investments in education, global health, public policy, and advocacy, among other things.

The 30 recipients, all focused on advancing research in a rare disease, will each receive $450,000 from the Chan-Zuckerberg Initiative, along with those additional resources, over two years.

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Some researchers are using that atlas to try and assess how the coronavirus damages the lungs and identify potential treatments that could limit lung damage caused by the virus.

Chan-Zuckerberg's Biohub has also been working to develop a cell atlas, which maps different cell types in the body.

He and his wife, Priscilla Chan, started вЂњThe Chan Zuckerberg InitiativeвЂќ (CZI) in December 2015.

By contrast, there is absolutely no reason to doubt ZuckerbergвЂ™s motivations for selling FB stock.

The coupleвЂ™s philanthropy plan wonвЂ™t affect.

At the time, this was valued at more than $45 billion worth of Facebook stock, which the couple transferred to the Chan Zuckerberg Initiative.

Scientists Funded By Chan Zuckerberg Initiative Accuse Facebook Of Ignoring Its Own Policies On Tr.

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Earlier this week, Zuckerberg and his wife, Priscilla Chan, following the birth of their first child announced that they each would donate 99% of their Still, some have criticized the way Zuckerberg is using the money, setting up the Chan Zuckerberg Initiative instead of donating it directly to a.

The Bill and Melinda Gates Foundation and the Chan Zuckerberg Initiative intend to explore a number of potential pilot projects.

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He has said that he will sell or gift no more than $1 billion of Facebook stock each year.

Zuckerberg and Priscilla Chan, his wife, created the initiative as a vessel to give away all of their wealth to causes related to personalized learning, curing diseases, and connecting people.Chan Zuckerberg Initiative's Email Format. Chan Zuckerberg Initiative uses 4 email formats, with first_initial last (ex.EIN: 45-5002209 Classification Private Grantmaking Foundations. CHAN ZUCKERBERG INITIATIVE FOUNDATION PALO ALTO, CA 94301-1430 | Tax-exempt since Aug.

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