There seems to be lot of emotion-laden writing about MZ's pledge but I looked at his letter[1] to his daughter and this is what it actually says: Our hopes for

There seems to be lot of emotion-laden writing about MZ's pledge but I looked at his letter[1] to his daughter and this is what it actually says: Our hopes for your generation focus on two ideas: advancing human potential and promoting equality. [...] Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities. We will give 99% of our Facebook shares -- currently about $45 billion -- during our lives to advance this mission. He didn't actually use the word "charity". Was the term "charity" something that the media outlet pushed in its stories? Now with the closer inspection of the LLC structure, the media looks to blast MZ for being dishonest about it being a charity? Did MZ get free hero publicity by not explicitly stating it was not a 501c in his letter to the daughter? I didn't follow the story closely enough to judge if there was deception and media manipulation. As for MZ going with the LLC structure, I think it's just a general zeitgeist of tech-billionaires to believe that other institutions besides non-profits can make more progress on improving humanity. A similar sentiment was Larry Page's "I'd rather give my billions to Elon Musk than charity". I don't know if MZ and LP are "right" but I sort of see where they're coming from. I was looking at a startup that matched donors to charities and when I researched charities such as Pink Ribbon and Mother Theresa, etc, it really made me mistrust the whole landscape. Yes, there are sites such as GiveWell but then I'd need to research the integrity of GiveWell itself which I never got around to pursuing. I don't know all the confluence of reasons but it does seem like traditional non-profits are not getting 100% mindshare of philanthropists. [1]https://www.facebook.com/notes/mark-zuckerberg/a-letter-to-our-daughter/10153375081581634?pnref=story https://www.facebook.com/notes/mark-zuckerberg/a-letter-to-o...