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Chan Zuckerberg Initiative will invest $3 billion to cure disease - CNN
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In an emotional announcement in San Francisco on Wednesday, Chan said the Chan Zuckerberg Initiative will be investing $3 billion over 10 years to build tools to advance health care.
The first investment is a new $600 million research center called Biohub, in partnership with scientists and researchers from Stanford University; the University of California, Berkeley; and the University of California, San Francisco. The Biohub will focus on building new tools to understand and treat disease.
With her family in the audience, Chan described how the initiative's mission is to prevent or manage all diseases in our children's lifetime or by the end of the century.
"We want to build a future in which our children can live long and rewarding lives," she said.
The Chan Zuckerberg Initiative focuses global efforts on four areas: personalized learning, curing disease, connecting people and building strong communities.
The initiative is a limited liability company, not a nonprofit.
When the couple launched the initiative in December 2015 not long after the birth of their daughter, Max Zuckerberg said he would give away 99% of his Facebook shares through the organization over their lifetimes.