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From the posting: The Chan Zuckerberg Initiative is structured as an LLC rather than a traditional foundation. This enables us to pursue our mission by funding
by blisterpeanuts 11y ago
From the posting: The Chan Zuckerberg Initiative is structured as an LLC rather than a traditional foundation. This enables us to pursue our mission by funding non-profit organizations, making private investments and participating in policy debates -- in each case with the goal of generating a positive impact in areas of great need. Any net profits from investments will also be used to advance this mission.
It sounds as though they're truly giving money to some nonprofits, as well as investing in other worthwhile ventures, and will reinvest the profits to good causes as well.
- wavefunction 11y agoYou left out perhaps the most interesting part: >participating in policy debates Like advocating for increased H1-B visas over simply awarding more visas directly to individuals, as one "policy debate" Zuckerberg has recently supported. Or whatever strikes his fancy at the time.