Chan and Zuckerburg’s Post-Charity Initiatives

Pretty much anything related to Facebook founder Mark Zuckerberg and his wife Priscilla Chan garners headlines. The announcement that they would be giving away 99 percent of their fortune – currently worth $45 billion in Facebook shares – prompted visions of a massive private foundation in the manner of Bill & Melinda Gates Foundation. Instead the couple said they were putting the fund into a Limited Liability Company (LLC) to be called the Chan Zuckerberg Initiative that would make grants, engage in political advocacy and invest in social enterprises. Welcome to a hybrid, post-charity world.