Mark Zuckerberg on philanthropy: Move slow and build things

SAN FRANCISCO (AP) — After making their fortunes from new software or social networks, some Silicon Valley entrepreneurs have vowed to apply their skills to "hacking" philanthropy and "disrupting" old models for funding charity.

Local officials will gather in San Francisco this weekend to dedicate a new public hospital building, furnished and equipped in part by a $75 million gift from Zuckerberg and his wife Priscilla Chan, a pediatrician who did medical training at the old San Francisco General Hospital — now to be known as the Zuckerberg San Francisco General Hospital.

The 31-year-old social media mogul, worth an estimated $46 billion, made waves with his earlier forays in philanthropy — in particular, a controversial $100 million donation to public schools in Newark, New Jersey.

The hospital "has been a critical part of my development as a person and as a physician," she said in an interview, explaining that she chose to do her residency there because it offers special training in treating underprivileged children and families.

Instead of attempting to overhaul an entire school district, they are doling the money out to smaller programs that provide teacher training, classroom technology and attempts to develop more personalized instruction for individual students.