Tag Archives: foundations

Chan/Zuckerberg is not a Foundation and that’s a good thing

Chan/Zuckerberg is not a Foundation and that’s a good thing

Mark Zuckerberg, co-founder of Facebook, and his wife, Priscilla Chan, announced this week that they would give $45 billion of their Facebook stock to the Chan/Zuckerberg initiative. However, the move comes with a catch, because Chan/Zuckerberg is a limited liability corporation (LLC), not a foundation. That fact has led many to criticize the move, because […] … learn more→