3 ms·
Did they stop teaching civics in class? https://chanzuckerberg.com/grants-ventures/grants/ https://chanzuckerberg.com/grants-ventures/grants/ "Grants are awar
by llukas 6y ago
Did they stop teaching civics in class?
https://chanzuckerberg.com/grants-ventures/grants/ https://chanzuckerberg.com/grants-ventures/grants/
"Grants are awarded via three funding entities: the Chan Zuckerberg Foundation, a 501(c)3 private foundation; the Chan Zuckerberg Initiative Donor-Advised Fund (DAF) at the Silicon Valley Community Foundation; and Chan Zuckerberg Advocacy, a 501(c)4 organization."
Now please do check how money needs to be spent by 501(c)3:
https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-501c3-organizations https://www.irs.gov/charities-non-profits/charitable-organiz...
He still has significant control and influence that can be exerted by foundation. Yet, buying lambo or yacht with this money is harder.
- ComputerGuru 6y agoHe does not need to buy a Lamborghini or a yacht with that money: there are plenty of other ways to use money to secure power or influence that do not involve the purchase of physical things.
- llukas 6y ago> He still has significant control and influence that can be exerted by foundation. You do not agree with this part or just to want to highlight influence part?
- ComputerGuru 6y agoI agree with that part but I disagree that the inability to purchase an expensive car with that money in any way matters at his scale.
- aliswe 6y agoFirst line of your comment is very representative of what I hate with HN. So elitistic, patronizing and snarky
- llukas 6y agoAt least in my country: civics now are focused on entrepreneurship and not actual civics unlike in the past.