Priscilla Chan and Mark Zuckerberg (Prague, 2013).
The Chan Zuckerberg Initiative (CZI) is an organization established and owned by Facebook founder Mark Zuckerberg and his wife Priscilla Chan with an investment of 99 percent of the couple's wealth from their Facebook shares over their lifetime.[1][2][3] The CZI is set up as a limited liability company (LLC) and is an example of philanthrocapitalism. CZI has been deemed likely to be "one of the most well-funded Philanthropies in human history".[4] Chan and Zuckerberg announced its creation on 1 December 2015, to coincide with the birth of their first child.[1] Priscilla Chan has said that her background as a child of immigrant refugees and experience as a teacher and pediatrician for vulnerable children influences how she approaches the philanthropy's work in science, education, immigration reform, housing, criminal justice, and other local issues.[4]
The Chan Zuckerberg Initiative's main areas of work include Science, Education, and Justice and Opportunity, which focuses on promoting housing affordability, criminal justice reform, and immigration reform. The mission of the Chan Zuckerberg Initiative is to "build a more inclusive, just, and healthy future for everyone"[5] and to "advance human potential and promote equality in areas such as health, education, scientific research and energy".[1]
In 2017, the Chan Zuckerberg Initiative pre-leased a 102,079 square foot portion of the new Broadway Station development in downtown Redwood City, California where it is headquartered.[6]
^ abcDevon Maloney, "Priscilla Chan and Mark Zuckerberg's 99% pledge is born with strings attached" Archived 22 November 2017 at the Wayback Machine, The Guardian, Wednesday 2 December 2015 (page visited on 3 December 2015).
^Facebook's CEO and wife to give 25 percent of shares to their new foundation Archived 4 December 2015 at the Wayback Machine, Reuters, 2 December 2015.
^(in German) Dreimal Kölner Dom: So groß ist Zuckerbergs Milliardenspende Archived 6 June 2017 at the Wayback Machine, Der Spiegel, 2 December 2015.
^ abWagner, Kurt (10 July 2017). "Priscilla Chan is running one of the most ambitious philanthropies in the world". Vox Recode. Archived from the original on 2 February 2021. Retrieved 5 August 2020.
^"Our Approach". Chan Zuckerberg Initiative. Chan Zuckerberg Initiative. Archived from the original on 9 August 2020. Retrieved 5 August 2020.
^"Chan Zuckerberg Initiative signs lease in Lane Partners' new Redwood City building". bizjournals.com. Archived from the original on 31 January 2017. Retrieved 19 September 2018.
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