• Critics Take Issue With Zuckerberg's Charity
    The New York Times is not impressed with Mark Zuckerberg’s decision to donate the vast majority of his Facebook stock to charity. “He created a limited liability company, one that has already reaped enormous benefits as public relations coup for himself,” it writes. “An L.L.C. can invest in for-profit companies (perhaps these will be characterized as societally responsible companies, but lots of companies claim the mantle of societal responsibility).”
  • Why Zuckerberg Structured His Charity As An LLC
    To give away their fortune, why did Mark Zuckerberg and his wife set up their charitable arm as a limited liability company? Four reasons, according to Bloomberg Businessweek: There are no limits on its lobbying activity; the charity can turn a profit; it will be easier to form joint ventures; and the use of a corporate structure avoids a rule about having to give away 5% of a nonprofit foundation's value every year.
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