Facebook CEO Donates $500 Million to Charity

January 25, 2013

Unlocking Word Meanings
Read the following words/expressions found in today’s article.

1. stock (n.) 
[stok]– company fund earned through sales of shares
Example: The company went bankrupt after its stocks crashed.

2. nonprofit organization (n.) [non-prof-it] [awr-guh-nuh-zey-shuhn]– an organization that uses all its funds not for profit but for a specific cause
Example: My brother volunteers in a nonprofit organization that helps the poor.

3. philanthropic (adj.) [fil-uhhttp://static.sfdict.com/dictstatic/dictionary/graphics/luna/thinsp.pnghttp://static.sfdict.com/dictstatic/dictionary/graphics/luna/thinsp.pngn-throp-ik]– charitable; relates to helping others, especially the poor
Example: Charity groups are involved in philanthropic activities.

4. follow up (v.) [fol-oh-uhp]– to further continue
Example: The businessman followed his previous donation up with other charitable projects.

5. give back (v.) [giv-bak]– to return a favor
Example: The president gave back to the school by donating school chairs and tables.

Read the text below.

Facebook CEO Mark Zuckerberg has announced his second stock donation, worth $500 million, to a charity that supports health and education.

Zuckerberg gave the donation to Silicon Valley Community Foundation (SVCF), a nonprofit organization that allots funds based on the donor’s interests. Aside from health and education, SVCF also supports the environment, culture and the arts.

According to the organization, the fund is the largest donation SVCF has received so far. The charity’s CEO was very pleased that Zuckerberg chose SVCF as his partner in achieving his philanthropic goals.

Facebook gave its first donation worth $100 million to the Newark public school in 2010.

Zuckerberg immediately followed the first donation up upon signing the Giving Pledge, an agreement started by Bill Gates. This agreement says that the richest people in US should improve philanthropic efforts.

Unlike other people who help charities at a later time, Zuckerberg believes that giving back early in his career can address the country’s immediate problems and issues.

Viewpoint Discussion
Enjoy a discussion with your tutor. 

Discussion A

·         Do you think all rich people should be required to do charity works? Why or why not?
·         Aside from donating money, what other ways can people help those who are in need?

Discussion B

·         If you were to donate to charities, what specific area will you support (education, health, environment, etc.)? Why?
·         What can be the rewards of donating to charities?


January 25, 2013