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Here's Why "Philanthropic" Mark Zuckerberg Will Place Facebook Shares In A For-Profit LLC
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Yesterday, all the media hoopla over Mark Zuckerberg’s announcement to “give away” 99% of his Facebook shares to philanthropic causes, came and went in the expected torrent of internet commentary. However, what you might have missed are the specifics around how he decided to safeguard those shares, and how unusual the for-profit LLC structure is for a charity.
Bloomberg reports:
The decision by Mark Zuckerberg and his wife, Priscilla Chan, to gradually give away 99 percent of their Facebook fortune is big news not just for the huge sum involved—about $46 billion—but for how the couple chose to achieve their philanthropic goal. Rather than set up a private foundation or charitable trust as Bill and Melinda Gates did, the Chan Zuckerberg Initiative will be structured as a limited liability corporation.
It’s a highly unusual step for a massive philanthropy. “I’ve never seen someone set up an LLC exclusively for a philanthropic purpose before,” says Jane Wales, vice president of philanthropy and society at the Aspen Institute. “Normally they set up a foundation for the tax advantages of doing so.” Here are some significant ways that LLC status will shape what Zuckerberg and Chan do with their wealth.
1. There won’t be limits on lobbying
It seems clear the Chan Zuckerberg Initiative will put money to work in politics. Facebook, in its official description of its founder’s new LLC, noted that “making private investments and participating in policy debates” will be part of the mission. In a public letter Zuckerberg wrote to his newborn daughter, Max, he likewise emphasized an appetite for pushing a policy agenda: “We must participate in policy and advocacy to shape debates.” If the charitable venture had been set up as a traditional tax-exempt foundation—what is called a 501(c)(3)— it wouldn’t have freedom to lobby lawmakers or engage in other political activities. The Internal Revenue Service prohibits tax-exempt groups from “directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office.”
There you go. As many expected, it appears this move is less about charity, and more about ensuring that Zuckerberg, the oligarch, is able to frame U.S. government policy in any way that he, and his billions, so desire.
It appears Zuckerberg has carefully studied the Warren Buffet playbook.
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"Limited Liability Corporation" being the key words in Suckerberg's phony baloney gesture.
Farcebook is a key asset of the C.I.A., N.S.A., & M.I.C. hegemony.
In case you missed it last night, + Suckerberg looks like one of them money monkeys too...
Bits and byte money, full force manipulation ensues...
https://aadivaahan.wordpress.com/2015/12/02/weird-land-mon-ey-mon-key/
you sure it was a FOR PROFIT charity???? I think it was more a FOR GREED charity
truly a motherzuckerberg
It's a misanthropic foundation.
The NSA takes care of their informants, if they bring the goods. FB worked beyond their wildest dreams.
so basically the NSA and CIA figured out another way to launder billions of fiat to use for black ops against American citizens and to wage proxy wars around the globe by using bullshit websites. Easier than importing cocaine from South America, I guess?
Hold on...someone's knocking at my do...............................................
ha, just kiddin'...nobody was at my door. YET ;-)
Anyways: just search: Zuckerberg call users dumb fucks
https://startpage.com/do/search?q=zuckerberg+calls+users+dumb+fucks
and the sheeple still keep on loggin' in and posting their worthless bullshit from their shallow worthless lives!
What, all that tax on Dividends? Next step re-incorporation of FB in Ireland or some other tax haven? They can then reunite with their "Intellectual" property??
To quote Cartman:
"Dirty Jew"
Zark Muckrakerburg PAC for "JustUs"
It's always about controlling the narrative. The more I learn of history the more it becomes clear that some space should probably be cleared as "a hanging offense," such as those who just make vile shit up and promote it as fact.
Zuck: Yeah so if you ever need info about anyone at Harvard
Zuck: Just ask.
Zuck: I have over 4,000 emails, pictures, addresses, SNS
[Redacted Friend's Name]: What? How'd you manage that one?
Zuck: People just submitted it.
Zuck: I don't know why.
Zuck: They "trust me"
Zuck: Dumb fucks
Just give the shares to all of the users as a gift and people may believe that you are not a complete fraud......
http://beforeitsnews.com/conspiracy-theories/2015/12/road-to-ww3-time-to...
LOL - Too little, too late. Reality is shaping up better than Shark Tank (these days).
Fucking Zuckerberg.....Class A Assclown Commie Lib . . . . giving away fucking nothing. Simply shielding it from taxation and Scrutiny of prying sheeple eyes. Lampost Candidate Extraordinairre
A dangerous assclown commie. This fucker has 40+ billion which can buy alot of influence. It would be too bad if his plane went down due to a technical malfunction. Wait that was in a movie or something...
SiliCON Valley TECH mafia laundering billions and buying politicians.
Just another day in America.
He was chosen by the elites so he earned nothing, Facebook was always a kleptocraft vehicle kept in play by black budget money.
Exactly booboo, justliek the gates/buffet foundation, the ruckusfellers/fords/all the rest of them agenda-filled charities.....the so called million points of light....
No wonder someone said, although it fits this narrative only obliquely, that the road to hell is paved with good foundations ;-)
Tax free sharity foundation evolves as next gen social engineering Trojan horse virus...we are your communication...we are your money...your reality.
Prepare to be infected with the Zuxnet
A new twist on the Clinton Crime Syndicate Foundation. New and improved! Now with LOBBYING!
Of course, Bill and Hillary don't need to hire lobbyists since they already have access to everyone in DC, but still, similar idea.
The infected swamp needs to be drained and burned!
Then filled in with toxic landfill and used as a burial ground for deposed oligarchs
Kissinger and Netanyahu approve this LLC.
Perhaps this is why certain people don't want their picture taken, much less posted on Facebook;
their enemies will know exactly what they look like, but they will have no idea of what their enemies look like. even less who they are.
GRDguy - PERHAPS???
This is a company founded by a lieing POS who sells your personal info to other companies so why expect any benevolent from him? And who gives a shit about their kid. Big fucking deal.
He's following Twitter? LOL!
Twitter sold their shares first! I see a pattern which by soon all Silicon valley sluts become "philanthropic" overnight.
He named his daughter Max?
wait, just checked, Maxima?
not even Maxine
Maybe the child was consummated in the backseat of Priscilla's Nissan.
"Profit" is her middle name.
Right out in the open, right in your face. They aren't even hiding the money funnel and corruption anymore.
"Government" IS corruption, per se.
Right on brother!
This assclown is a bought and paid for .gov stooge. Fuck the hebe prick
New York Jews are NOT benevolent, altruistic, or equitable. They think the World revolves around themselves, and their money.They are genetically predisposed to myopia, and tunnelvision, with regard to their collusive ethnic oligopoly. The Italians operate the same way.
I know this because I come from Toronto which is the center of the universe to all Torontonians.
You dont need to modify ''jews' with 'new york'
That chosen myth has been the root of many problems, but who doesnt like to feel special?
Maybe one day asians will be over-represented by 4/6times in the Ivies too... Thiugh it would mean taking spots from wealthier people and knock the jewish over representation down to about 3/4.
Ethnonepotism - its whats for shabbas!
Toronto is not even in the top 20 cities in north America with regard to relevance. Not even in the top 50 on the globe. Center of the universe... Laughable.
Description of Toronto... As you're driving through it..
Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building...gloomy weather...Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building... gloomy weather..Ugly brick building..Ugly brick building..Ugly brick building..Ugly brick building...
This is how a Canadian pronounces Toronto...Trawno
F Toronto
Montreal.. Sans Francos shoving French down your throat.. That's a city...
So bottom line... According to the zuck.. if you are a Facebook clown...errrr user... you're a dumb f@$%
F stocker84.
:|
I think you meant: "New York Jews and The Clintons, Bushes, Rockefellers, Gates, etc. are NOT benevolent, altruistic, or equitable. They think the World revolves around themselves, and their money.They are genetically predisposed to myopia, and tunnelvision, with regard to their collusive ethnic oligopoly".
There are frogs and there are scorpions and Zuckerberg can not help it
http://tomatobubble.com/id345.html
ITS HIS NATURE.
I don't think many here at ZH are going to agree with Zuck's brand of political activism. One thing is certain, he will be a powerful political force because you can buy some serious loyalty with the presidency and both houses many times over with that kind of coin. He is against internet censorship which is good, but he likes more taxes on the rich. He has given money to an odd assortment of powerful dems and establishment type republicans, including Schumer, Ryan, Rubio and others on both sides of the isle. He's an atheist and seems to like amnesty for illegals.
Any chance we can proactively encourage and motivate enlightened 'Zuck' to take his special brand of political activism and jamb it up his tight Joo boi asshole? His tribe are into that kinda thing!
Sizzurp - Don't you mean "the presidency and Bath Houses"?
Zuckerberg may be trying to get around the rule that says non-profits have to give away five per cent of their net worth a year. Such a rule no longer makes sense in a low or negative interest rate environment.
If he's just trying to buy influence with the Abedin White House (good luck with that, Mark---Huma will nationalize FB anyway as a downpayment on your share of the jiyza tax), why not do it directly in his own or in Facebook's name?
Aha! A poster familiar with the private foundation rules!!
Zuck won't be the last to do this.
Perhaps these "profit making" charitable entities might trip over the "hobby farm" rules.
All in the fullness of time.
Chicago Jews put Obama in office, his first chief of staff was a mossad saysnim and hes appointed a disproportionate number of jews but not muslims to high office.
Your hate of Muslims as a Jew offended by muslims daring to resist Ashkenazi conquest of their homeland apparently blinds you to basic rational thinking.
Your outright Jewish Supremacism is well attested.
As is your peculiar brand of inane quips.
Obama is not a muslim and if he were hes a puppet. Its a funny kind of muslim that is propelled into office by a zionist network in chicago - appointing jewish advisors, to head the fed, treasury, national evonomic counsel, and spending an absurd amount of time dealing with that shitty little country you love above all else.
http://www.haaretz.com/print-edition/features/some-chicago-jews-say-obam...
http://www.ifamericansknew.org/us_ints/po-obamaj.html
http://mondoweiss.net/2015/09/obama-and-zionists
https://electronicintifada.net/content/how-barack-obama-learned-love-isr...
a real muslim non puppet would not have rearmed the ashkenazi state mid - atrocity.
Imagine what the Levant could have been without Zionist colonialist state terror these past 80 years, eh?
http://mondoweiss.net/2015/07/american-recognize-duped
‘Six Jews sitting in the White House discussing the Palestinian state’
http://mondoweiss.net/2015/06/sitting-discussing-palestinian
Muslim indeed.
thanks for posting that Hessel,
... those very obvious facts you point out really makes one wonder about the sanity of the US populace who feign to have at least a small modicum of political / economic awareness yet fall for the Obama "Muslim" criticisms.
keep up with common sense & fact based posting, we appreciate it
Recap - Everyone wants a revolution but the future revolutionaries are too busy with the NWO distraction tools like facebook, twitter, etc. The avg family owes the founders of Facebook (the billionaires) their cars, homes, education, flat screen TV's...basically everything they own. And, they go to work so they can feed the money machine every fu**in day of their life. And, they don't even know it's happening.
exactly Otrader - computers / phones are endless time suckers ... at least hear on ZH we can feel that it's more "important" than fiddling with fluffy "apps" ... i see the new iphones are retail priced @ $750 range ... ! Damn glad I did the treo "smart" phone thing prior to apple and never got into that fanboy cycle ...imagine if you'd bought each gen iphone, @ min $500 each, and phone contracts & accessories, that's the price of a good used car.
http://www.fastcompany.com/3054136/fast-feed/facebook-wants-you-to-know-...
Suckmeberg please keep your windfall gains to yourself. Just pay your fair share of taxes like the rest of us FB suckers errr users do! Stay out of the 'political process' and daily discourse because it makes me puke to have to listen to a self righteous open boarders open immigration policy progressive visionary know-it-all spoiled self centred millennial shithead like you. And STFU while yur at it!
If I came into billions such as he, I would tweak U.S. Policy too. Who wouldn't?
The ones hanging from a lamppost in the town square!
Anyone with a BB$ or more that does not get up and walk away from the table, and actually wants to get deeper into the fucking game -- has some issues.
You'll figure out what those 'issues' are when the Hebe finishes stretching your anus!
You can be sure Markie boy ain't gonna be sellin'' or givin' away any of his dual class multi-voting control shares ever! And he sure as hell ain't gonna ever stop sellin' all of his faithful users personal and private info ever too.
The kid didn't come from a Jewish womb, so the kid isn't entitled to the protection such a birth grants you.
That's true. I figured marrying the Chinese woman and speaking Chinese was done long play to break into the china market.
Until he has given up control of the money, he hasn’t given away anything. This is as investment diversification scheme as much as anything, including an investment in politicians it would seem.
And here I thought Zuckerberg only wanted a seat in Soetoro's Cabinet.
Well, I guess it's Carry On, the Zuckerbergs of the world.
The collective apparently has more fun glaring at the controllers than it does protecting the mission and principles...
and besides, 535 is too much to handle, and We don't even have a clue anymore what they were designed for anyway, eh?
How incredibly simple it is, how we crumble.
Yet another irritating tedious pontificating pompous bloviating Joo Boi A-Hole in action! Oh ya' I forgot totally self-absorbed too!
Idiot
Markie boi ain't an idiot ... just another dangerous fascist pig!
Its not LLC
Its LLP
Hah ha
It'd be nice if fuckerberg up and died....jus' sayin'
I'd love to say what I really think.
Something involving a thing that helps keep me warm.
Sadly the PC crowd won't like that and even forums where free speech is supposed to be tolerated, it will not be.
The time will come. It always comes.
A furnace filled with Joos?
Tyranny is only able to exist and flourish when those who can do or say something don't!
Tax shelters of the rich and jewish...
Perhaps our special and gifted all-knowing wunderkind should channel his self-anointed altruistic energies into convincing his Kenyan compatriot to stop bombing and tearing up the Middle East and its peoples?
Itchy - Haw can a Zionist pig do that?
If a corporation is legally like a person or is a person and I think an LLC might qualify there then shouldn't there be a gift tax?
AND THREATEN’S AMERICA’S FUTURE
https://ronloneysbooks.files.wordpress.com/2013/02/new-leviathan-the-by-...
I was right. The purpose is to promote Zionism.
Hardly Mensa material!
Cor blimey! It took me 3 cups of coffee to work that out ;-)
I always thought this Clown was gay. Did he buy the wife in China?
Just another crony capitalist looking to exercise "pull"
Note to the rest of the precocious tech & hedge fund billionaire A-Holes out there on Wall St & in social media land .... if u want to give away your windfall wealth please do so in anonymity and private and kindly STFU! Most people really don't care how 'rad' or 'epic' you think u are!
Zuckerberg is a front for the CIA now its time for him to take a walk, really wonder if he is really worth 46 billion
Personally, I'm encouraged that Zuck will spent his money promoting smaller government, fewer foreign entanglements, sound energy policy, first, second, and fourteenth amendment rights, public education about the US Constitution generally, and Toys for Tots.
Next step is a tax inversion and moving HQ to Switzerland.
My first thought, after hearing about this, was how in gods world will he be able to basically sell 99% of his shares, without crashing the damn thing? Please enlighten me, I am confused. If he wants to move the cash into a foundation, he needs to convert the shares into liquidity (as it is right now, he is as rich or poor as I am...well theoretically, he can get a better credit line).
Basically Fuckerberg is saying, with other words, that he is abandoning ship...but not really...it is for a good cause.
Maybe this might have something to do with the story, that is circulating around the Internet, that shows that Fuckbook will be over and done with around 2018. Someone conducted a study, showing that kids are leaving in droves. It is all downhill from here on. Maybe I just don't understand economics and politics.
By keeping his dual class multi-voting control shares. This charade is nothing more than a slick Madison Ave PR ploy to engender likability, reduce his tax burden & deflect his fascist tendancies. Young punk with delusional visions of grandeur for world domination. Eva Braun offspring!
facebook business model: induce people to use your service in exchange for their privacy with the primary end customer being the NSA, and use the NSA profits to fund more invasion requiring more surveillance.
Facebook's Advertisers = NSA
Google Advertisers = NSA
Yahoo Advertisers = NSA
"Philanthropic" Mark Zuckerberg Will Place Facebook Shares In A For-Profit LLC
Newspeak decrypted...
To advance the ziokike agenda for worldwide communism.
Nothing from those kikes are free.
I have a biological fact that has been proven ad nauseam to be conveyed to that joo.. Not all children are "equal". It's a nice communist ideal to fancy but nigroids consistently hold the bottom slot in terms of mean IQ.
History tells the tale and the number of technological advances by each race tells the undeniable truth.