The company is going out of its way to design the point,which is raising questions about the exact nature of the new initiative.
Facebook is going out of its way to emphasize that CEO tag Zuckerberg's pledge to give absent 99% of his company shares is not about charity, but philanthropy. It's a distinction that has non-attorneys scratching their heads and raising questions about the exact nature of his massive donation to a new venture, and the Chan Zuckerberg Initiative,LLC. The initiative will fund nonprofit organizations and design private investments, and any profits from such investments "will be used to fund additional work to advance the mission, or " explained Facebook.
Read Full Story
Source: fastcompany.com