Facebook founder Mark Zuckerberg and his wife, Dr. Priscilla Chan, celebrated the birth of their new baby Max by pledging 99% of their shares in the company to launch a new foundation targeting public health, technology and education innovation. The shares are currently worth around $45 billion.
The pledge was announced Tuesday in a Facebook post penned as an open letter to their daughter. “Like all parents, we want you to grow up in a world better than ours today,” they wrote. But few new parents have the kind of scratch or influence Zuckerberg and Chan have to pursue policy change and innovation. Aware of their privilege, they’re eager to give back.