• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
AIMeta

As billionaires bail, Mark Zuckerberg doubles down on California with $50 million donation

Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
February 9, 2026, 11:39 AM ET
Photo of Mark Zuckerberg
Meta CEO Mark Zuckerberg commits $50 million to STEM and AI facilities in Sacramento.Getty Images—ANGELA WEISS/AFP
Add Fortune on Google for similar content.

Mark Zuckerberg is going all-in on AI and STEM with his philanthropic efforts. Late last year, he and his wife, Dr. Priscilla Chan, announced they would shift the majority of the Chan Zuckerberg Institute to biomedical AI research. And late last month, the Meta founder and CEO pledged $50 million to Sacramento State University to fuel state-of-the-art STEM labs and an AI center. 

Recommended Video

California Gov. Gavin Newsom unveiled the gift on Jan. 28, tying it to a major redevelopment of three vacant state office buildings on Sacramento’s Capitol Mall into a downtown campus. The gift from Zuckerberg and Meta will fund abatement, demolition, and initial construction of the campus, enabling new student housing alongside new academic spaces, including STEM facilities and an AI center. 

Meta’s donation also comes at the heels of an interesting corporate and financial dynamic in California: Billionaires may soon be subject to a one-time 5% tax on their wealth. Many billionaires, including Google cofounders Larry Page and Sergey Brin, Oracle cofounder Larry Ellison, PayPal cofounder Peter Thiel, and Craft Ventures’ David Sacks, have already moved their permanent residences out of state to avoid the tax. 

Zuckerberg hasn’t made any public statements about the billionaires tax, and is instead doubling down on California investments and legacy. 

“These investments will help strengthen our communities and support the next generation of leaders and innovators,” Zuckerberg said in a statement. The Meta CEO also owns a compound of 11 properties in Palo Alto’s Crescent Park neighborhood, valued at more than $110 million. Minutes from his home, Meta has its sprawling 57-acre headquarters campus and also more than 400,000 square feet of office space nearby in Menlo Park.

Newsom said Zuckerberg’s gift allows the Sacramento-based school to continue to build its talent pipeline for tech jobs.

The donation “[opens] doors for students to succeed and for our communities to prosper,” Newsom said. “Making sure students can actually afford to live where they learn is essential to that work.”

Zuckerberg’s philanthropic playbook

While this recent donation comes directly from Meta and Zuckerberg, it also fits into the playbook they recently rewrote. Launched in 2015 with a pledge to give away 99% of their fortune, the Chan Zuckerberg Initiative has recently refocused on science, AI, and biomedical research, shifting emphasis away from its initial education and social justice priorities (although they say they’ll continue making other local donations). 

In 2025, Zuckerberg and Chan laid the groundwork to recalibrate their philanthropic organization toward AI-powered biomedical research, with a particular focus on their flagship Biohub network. Biohub, a growing network of biomedical research institutes, aims to “cure or prevent all disease,” according to Zuckerberg and Chan.

“I feel like the science work that we’ve done, the Biohub model in particular, has been the most impactful thing that we have done,” Zuckerberg said during an event at the Biohub Imaging Institute in Redwood City in November, according to the Associated Press. “So we want to really double down on that. Biohub is going to be the main focus of our philanthropy going forward.” 

But refocusing their philanthropy brought about major changes. CZI recently laid off 70 staffers, primarily at the organization’s Redwood City headquarters in San Mateo, Calif. 

The Sacramento AI center mirrors this playbook: infrastructure for training AI talent, akin to Biohub’s shared research tools, rather than one-off scholarships or smaller, incremental donations.

Meta’s shared AI obsession with CZI

Zuckerberg is using a similar playbook in both his business and philanthropic ventures. Meta is committed to spending between $115 billion and $135 billion on building “superintelligent” agents to meet user needs across feeds, ads, and commerce, and is also investing in its community to build talent pipelines to fill those roles, as evidenced by its most recent donation.

CZI is also going all-in on AI-focused research and outcomes, with Biohub similarly focused on “frontier AI” and “frontier biology,” using large-scale models for virtual cells, immune reprogramming, and disease prediction. 

All of these efforts suggest Zuckerberg has framed 2026 as AI’s transformative year for work at both Meta and CZI. 

“We are very excited about the decade ahead,” Zuckerberg and Chan wrote in the November blog post. “There will be many challenges, but we believe that achieving some of humanity’s long-term dreams will also come within reach.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Sydney Lake
By Sydney LakeAssociate Editor
LinkedIn iconTwitter icon

Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in AI

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in AI

Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in
AIDell Technologies
Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in
By Mia OsmonbekovJune 30, 2026
3 hours ago
Image of colored bar charts with one being pushed up.
NewslettersEye on AI
AI is minting billion-dollar companies faster than before
By Beatrice NolanJune 30, 2026
5 hours ago
Anthropic CEO Dario Amodei pointing to his head.
AIAnthropic
At the heart of Anthropic’s clashes with the U.S. government, a decision not to play by the new rules of Trump’s Washington
By Jeremy KahnJune 30, 2026
8 hours ago
wb
CommentaryLeadership
I grew BDO from $600 million to $3.4 billion. Here’s the 3-part formula that made it possible
By Wayne BersonJune 30, 2026
9 hours ago
vinod
CommentaryData centers
Vinod Khosla: AI’s energy crisis has a fix — and it doesn’t need the grid
By Vinod KhoslaJune 30, 2026
9 hours ago
Jamie Dimon isn’t giving up the top job. That’s turned JPMorgan into a poaching ground for CEO talent
C-SuiteNext to Lead
Jamie Dimon isn’t giving up the top job. That’s turned JPMorgan into a poaching ground for CEO talent
By Ruth UmohJune 30, 2026
9 hours ago

Most Popular

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
3 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
24 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
3 days ago
Current price of oil as of June 29, 2026
Personal Finance
Current price of oil as of June 29, 2026
By Joseph HostetlerJune 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.