{UAH} Mark Zuckerberg Tests New Philanthropic Model - WSJ

Facebook Inc. founder Mark Zuckerberg is giving away his $45 billion fortune in a way that allows him also to invest in companies and influence public policy, while pursuing broader philanthropic aims.

By creating a limited-liability company rather than a foundation, Mr. Zuckerberg and his wife, Priscilla Chan, can support their goals of promoting "personalized learning, curing disease, connecting people and building strong communities," while sidestepping some limits of tax law and public-disclosure rules.

The move highlights an emerging model of philanthropy that extends beyond grant-making foundations. The fusion of corporate and philanthropic goals and structures "reflects part of the Silicon Valley ethos," said Amir Pasic, dean of the Lilly Family School of Philanthropy at Indiana University. "There is an impatience with established forms of philanthropy."

http://www.wsj.com/articles/zuckerberg-tests-new-philanthropic-model-1449105918

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Brian M. Kwesiga