The Herald Bulletin

Morning Update

Nation & World

April 11, 2013

Facebook's Zuckerberg launches political group

(Continued)

NEW YORK —

Also backing the group are tech leaders such as LinkedIn Corp. CEO Reid Hoffman and venture capitalists John Doerr and Jim Breyer, as well as Ruchi Sanghvi of Dropbox, who was Facebook Inc.'s first female engineer. Joe Green, founder of Causes.com, a social network for community organizing, serves as the group's president and founder.

Major financial contributors include Google Inc. Chairman Eric Schmidt, Netflix Inc. CEO Reed Hastings, Yahoo Inc. CEO Marissa Mayer, SpaceX and Tesla Motors CEO Elon Musk, Zynga Inc. CEO Mark Pincus and former Groupon Inc. CEO Andrew Mason.

Fwd.us declined to disclose how much money Zuckerberg and other supporters have contributed to the group.

Last year, Zuckerberg donated 18 million Facebook shares, worth close to $500 million at the time, to a Silicon Valley charity with the aim of funding health and education issues. And he pledged $100 million in Facebook stock to Newark, N.J., public schools in 2010, before his company went public in May 2012.

Zuckerberg is not the only high-ranking Facebook executive to use his role to advance social causes. Chief Operating Officer Sheryl Sandberg launched LeanIn.org, a nonprofit aimed at arming women with the tools and guidance they need to keep moving forward in the workforce.

The formation of Zuckerberg's group was reported by The Associated Press and other outlets last month.

Donald Graham, chairman of The Washington Post Co., is a member of Menlo Park, Calif.-based Facebook's board of directors.

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