"I have decided to start a non-profit focused at the intersection of nonprofit, technology and communications," he added.
"I am very fortunate at my age to have the flexibility to take new risks and focus on what I'm passionate about," he said.
Acton spent eight years with WhatsApp, which Facebook bought in 2014 for $19 billion in cash and stock.
A Stanford alumnus, Acton co-founded WhatsApp with Ukrainian immigrant Jan Koum in 2009. The duo worked at Yahoo before starting WhatsApp.
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