On February 6, 2015, it was reported by Time Magazine that Mark Zuckerberg, founder and CEO of Facebook was donating $75m to San Francisco General Hospital Foundation. The donation happens to be the largest gift it received since its creation in 1994. As a result, the hospital’s name will be changed to Priscilla & Mark Zuckerberg San Francisco General Hospital and Trauma Center.
On his Facebook page, Mark Zuckerberg confirmed and made the following announcement. The comment garnered 227,945 and 6,940 shares.
“Today Priscilla and I are announcing a $75 million contribution to support the San Francisco General Hospital.
We believe everyone deserves access to high quality health care. The General is the main public hospital in San Francisco, and it is an important safety net for our community. More than 70% of the families it serves are uninsured or underinsured. It is open to anyone who lives, works in or visits the city.
Priscilla has served at The General over the past couple of years, completing her medical residency as a pediatrician. Every day she has worked with the amazing doctors and nurses making a difference in people’s lives. Her experience serving our community has only deepened our commitment to help these families.
We are so fortunate that our work in connecting the world through Facebook has given us the ability to give back to our local community, our country and the world — and to work to improve education, health care and internet access for everyone. To serve our community in San Francisco, we can think of no better place to focus than The General.
To add some specifics, our contribution today will allow The General to double the size of its new Emergency Room and quadruple the number of beds, and provide state of the art equipment for healthcare providers and first responders.
We hope this contribution alongside the great work of other contributors, will help The General to continue to save lives and deliver care to everyone who needs it.”
The purpose of the donation is to fund equipment and technology for a new hospital that will be opening up in late 2015. It will be built on site of the old hospital. Unfortunately, the old hospital does not meet earthquake-safe standards and will be demolished.
This is not the first time the social media mogul has made generous donations for good causes. In October, 2014, he and his wife donated $25 million to the U.S. Centers for Disease Control and Prevention (CDC) to help contain the spread of the lethal Ebola virus.
Zuckerberg, who happens to be one of the world’s youngest billionaires, seems committed to Bill gates and Warren Buffet’s initiative “Giving Pledge”, which he signed in 2010. By agreeing to the pledge, Zuckerberg promises to give more than half of his wealth he earns to charity; $6.2 billion to be exact. The money can be either donated during lifetime or after death through a will. In 2013, the Chronicle of Philanthropy reported that Zuckerberg and his wife pledged to donate more than anyone else.
Where does it leave Zuckerberg? Will this affect his quality of life? Last fall, Forbes magazine reported that Zuckerberg had a net worth of $34 billion. So donating a few million dollars here and there will not set him back much.
Have you watched the movie The Social Network? Has your opinion of Mark Zuckerberg changed since then? Feel free to share your thoughts in our forum section below.
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