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chan-zuckerberg-foundation 2020: 226M$ revenue, 188M$ functional expenses, 103M$ in liabilities. This looks a lot like a tax dodge. Compare to Hanauer's foundation that is 0$ in functional expenses and $1 (yes, one dollar) in liabilities. These are all 2020 numbers. I didn't dig too deep, but I think Zuck is not likely to make a convincing argument for himself.
Just because... I took a quick run through the 2023 Form 990 I found on Guidestar... and I think some skepticism is warrented, but any conversation around actual giving right now is premature.
They have $5B in the foundation, and spent $60M on gifts. $21M of that went to a Chan-Zuck research lab. For now, I guess it's wait and see. It's better than not committing anything to a foundation.
Sidenote: The 5 listed employees for the foundation are all making $600k+. Good place to work. They're engineers and technical folks, I'm sure with big degrees and former titles...but still.
chan-zuckerberg-foundation 2020: 226M$ revenue, 188M$ functional expenses, 103M$ in liabilities. This looks a lot like a tax dodge. Compare to Hanauer's foundation that is 0$ in functional expenses and $1 (yes, one dollar) in liabilities. These are all 2020 numbers. I didn't dig too deep, but I think Zuck is not likely to make a convincing argument for himself.
not that competent in non-profit accounting, but odd they wouldnt have any liabilities (no accrued expenses, a/p...)...i assume CZI is related to pending/committed/multiyear grants.
If someone is giving away near 100% of their equity, a significant chunk of their wealth, for worthy causes...
True, but Hanauer is just barely, and he gives a lot and supports a lot of good causes. Scott is doing the same at a much larger scale, but she's got a self replicating pile.
Zuckerberg pledged 99% of his meta shares to charity, including his wife's organization.
chan-zuckerberg-foundation 2020: 226M$ revenue, 188M$ functional expenses, 103M$ in liabilities. This looks a lot like a tax dodge. Compare to Hanauer's foundation that is 0$ in functional expenses and $1 (yes, one dollar) in liabilities. These are all 2020 numbers. I didn't dig too deep, but I think Zuck is not likely to make a convincing argument for himself.
Nice to see that some of the spoils are being put to good cause. Also nice that MacKenzie will not face the guillotine. Her and Nick Hanauer may be the only two good billionaires.
Zuckerberg pledged 99% of his meta shares to charity, including his wife's organization.
Nice to see that some of the spoils are being put to good cause. Also nice that MacKenzie will not face the guillotine. Her and Nick Hanauer may be the only two good billionaires.
Nice to see that some of the spoils are being put to good cause. Also nice that MacKenzie will not face the guillotine. Her and Nick Hanauer may be the only two good billionaires.
