Reed Hastings gave 2 million Netflix shares — worth some $1.1 billion — to a Silicon Valley charity last week. It’s a big gift for Hastings — 40% of the shares he owned outright. It’s also a big gift for the recipient, Silicon Valley Community Foundation, which had $10 billion in assets a year ago and has gotten billion-dollar gifts before. (Mark Zuckerberg made one a decade ago.) The gift came as Netflix shares reached a 2-year peak, and donations of stock can bring tax breaks of 50%… my latest in the WSJ:

https://www.wsj.com/finance/investing/netflix-co-foundergives-1-1-billion-in-shares-to-silicon-valley-charity-favored-by-billionaires-aa8b4d47?st=wz8jx5mntk1w64d&reflink=article_copyURL_share