Mark Zuckerberg and his wife, Dr. Priscilla Chan, continue to deliver on a promise they made when their daughter, Max, was born last year, which was to donate a vast amount of their wealth towards the good of humanity. On September 21, the couple announced that their charity, The Chan Zuckerberg Initiative (CZI) would invest $3 billion over the next decade in what has been dubbed the Chan Zuckerberg Science program to fight, cure, or manage all diseases.
Tech Crunch reports the project would bring together groups of scientists and engineers who will strive to “build new tools for the scientific community,” according to Dr. Chan. It was also announced at the event which was held in San Francisco that $600 million would be spent on Biohub, a new venue where scientists from Stanford, Berkeley, and UCSF, along with top engineers, would come together to discover new ways treat diseases.
This investment comes after Mark Zuckerberg and Dr. Priscilla Chan made a video following the birth of their daughter in which they said they would give away 99 percent of their Facebook shares, which amounts to an estimated $45 billion, to help support charitable work, The New York Times reports. In the speech she made this week, Dr. Chan, a qualified pediatrician and the daughter of Chinese and Vietnamese immigrants, told attendees about how high-quality education helped her succeed, how she and her husband wanted to “improve every life in Max’s generation and make sure we don’t miss a single soul” before adding they would be putting their money to further “basic science research with the goal of curing disease.”
“We want to build a future in which our children can live long and rewarding lives,” she said according to CNN Money.
Meanwhile, Mark Zuckerberg said that if the initiative succeeded in curing or managing all diseases, human life expectancy could increase to 100 years. He added, it wouldn’t mean we wouldn’t ever get sick, but that “they should be able to treat and manage” any disease. And yet, he reminded his audience, “we have to be patient; this is hard stuff.”
CZI aims to tackle the problems facing humanity by focusing on four areas that will help form a stronger front: personalized learning, curing diseases, bringing people together, and building stronger communities. While the initiative is aimed at helping mankind it was formed as a limited liability company and is not a non-profit.
Since its inception, CZI has invested in a number of various programs that include BYJU, an Indian education technology company, and Andela, an African program aimed at training the next generation of software developers. In the United States, CZI has put money into donations for Bay Area teachers via school district partnerships. For more CDA News, follow our tweets on Twitter and like us on Facebook.
By Liku Zelleke
Photo Courtesy Facebook