3 ms·

I don't understand what is confusing. It was founded with assets (Tesla and Google shares) of which it must sell 5% a year but could sell a lot more.

• jaclaz 3y ago
  The article says that Catalist4 sold the Tesla stock in December 2021. Maybe Brin (or one of his companies/holding/whatever) sold them and later (when, in these days, 1 and a half year later?) this Catalist4 organization has been founded?
  • fatfingerd 3y ago
    > Another perk of 501(c)(4)s is secrecy. Catalyst4 had tax filings worth quoting in 2021 according to the article.. It's his newest ~nonprofit as far as we know, not a brand new nonprofit. It looks like it was was founded 10/22/2021 according to a CA DOJ search.
    • jaclaz 3y ago
      The article says that he is "setting up" a new one: >Google co-founder Sergey Brin is setting up a new half-billion-dollar nonprofit focused on health and climate change, and filings show the majority of funding so far comes from Tesla Inc. shares. > Catalyst4, the new organization, is a 501(c)(4), which allows Brin ... but it seems like that should have been more like (in plainer English): In 2021 Brin created a 501(c)(4) organization, named Catalyst4, to which (somehow) he conferred his Tesla stock that were later sold in December 2021, Bloomberg has learned only now by examining its past filings.