Monday, December 21, 2015
Billionaire Facebook founder Mark Zuckerberg recently made headlines when he and his wife Dr. Priscilla Chan announced that they were transferring the bulk of their Facebook stock to a specially created LLC. The Chan Zuckerberg initiative has a stated goal to provide philanthropic grants and take part in political action roles. However, this initiative is unlike many other entities used by those wanting to provide big dollar philanthropy and will allow a much different level of money management than other charitable vehicles. For excellent insight into the ins and outs of the initiative, check out an insightful post by Ellen P. Aprill over on the Tax Professors Blog which can be found here.