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Company type | Private |
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Founded | 1 December 2015 |
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Headquarters | Redwood City, California, United States |
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Website | chanzuckerberg |
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 legally set up as a limited liability company (LLC) that can be seen as a for-profit charity 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]
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