Facebook is up nearly 7% in post market trading after it reported Q1 results that topped analyst forecasts — and proposed a new class of non-voting stock that will enable CEO Mark Zuckerberg to donate to charities without giving up control.

The social media company generated $1.51 billion in net income, up nearly 196% from last year’s Q1, on revenues of $5.38 billion, up 51.9%. Wall Street expected revenues to hit $5.26 billion. Adjusted earnings at 77 cents a share was well ahead of forecasts for 62 cents.

“We had a great start to the year,” Zuckerberg says. “We’re focused on our 10 year roadmap to give everyone in the world the power to share anything they want with anyone.”

Facebook’s stock plan was fleshed out in its proxy, also released today. It would provide a dividend of two shares of a new, non-voting Class C stock for each of its current shares.

The plan, which needs shareholder approval, would “allow us to remain focused on Mr. Zuckerberg’s long-term vision for our company and encourage Mr. Zuckerberg to remain in an active leadership role at Facebook,” the company says.

In December Zuckerberg said that he and his wife, Priscilla Chan, planned to “spend our lives doing our small part to help” solve the world’s problems — in part by giving 99% of their Facebook shares, then worth $45 billion, to worthy causes.

As for Q1, Facebook says that its monthly active users hit 1.65 billion, up 15% vs last year and slightly ahead of analyst forecasts.

Mobile monthly active users increased 21% to 1.51 billion.

Ad sales rose 57% to $5.2 billion. About 82% of that came from mobile, an improvement from last year when 73% came from the platform.

The proxy shows that Zuckerberg made $5.0 million in 2015, down 18.9%. Like many Silicon Valley moguls who primarily profit from their stock holdings, he had a salary of $1 — all of the rest of his income was related to personal security.

COO Sheryl Sandberg made $18.7 million, up 20.3%. That included $15.5 million in stock awards and nearly $1.3 million in other compensation, also mostly consisting of security.