Haute 100: Mark Zuckerberg & Priscilla Chan Welcomes Daughter, Will Donate 99% of Facebook Shares to Charity

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On Tuesday, Dec. 1st, Mark Zuckerberg and wife Priscilla Chan welcomed their new baby girl, Max, to the world. In addition to the announcement of their bundle of joy, the new parents shared a letter they penned to Max. In the letter, the Silicon Valley power couple and Haute 100 listers shared they will donate 99 percent of Zuckerberg’s Facebook shares, valued at $45 billion.

The new parents write, “Dear Max, Your mother and I don’t yet have the words to describe the hope you give us for the future. Your new life is full of promise, and we hope you will be happy and healthy so you can explore it fully. You’ve already given us a reason to reflect on the world we hope you live in. Like all parents, we want you to grow up in a world better than ours today.

In hopes to do what they can to make the world better for the next generation, the Zuckerbergs will launch the Chan Zuckerberg Initiative. The new initiative will join people across the world to advance human potential and promote equality for all children in the upcoming generation. Their focus will be personalized learning, curing disease, connecting people and building strong communities.

The couple continues, “We will give 99 percent of our Facebook shares—currently about $45 billion—during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.

As of now, the couple has not released any more details to their mission. The couple did say once they’ve settled into their new “family rhythm” and return from maternity and paternity leaves, they will share more information.

Thus far, the CEO of Facebook has filed an 8-K form with the Securities and Exchange Commission, making good on his word. The filing reads, “On December 1, 2015, our founder, chairman and CEO, Mark Zuckerberg, announced that, during his lifetime, he will gift or otherwise direct substantially all of his shares of Facebook stock, or the net after-tax proceeds from sales of such shares, to further the mission of advancing human potential and promoting equality by means of philanthropic, public advocacy, and other activities for the public good.”

Read the touching letter here.