Here's Why "Philanthropic" Mark Zuckerberg Will Place Facebook Shares In A For-Profit LLC

Tyler Durden's picture

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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ebworthen's picture

"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.

Oh regional Indian's picture

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/

Divided States of America's picture

you sure it was a FOR PROFIT charity???? I think it was more a FOR GREED charity

truly a motherzuckerberg

NoDebt's picture

The NSA takes care of their informants, if they bring the goods.  FB worked beyond their wildest dreams.

Save_America1st's picture

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...............................................

Save_America1st's picture

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!

philipat's picture

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??

pods's picture

To quote Cartman:

"Dirty Jew"

cyberfossil's picture

Zark Muckrakerburg PAC for "JustUs"

Ignatius's picture

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.

BLOTTO's picture

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

Noplebian's picture
Noplebian (not verified) ebworthen Dec 2, 2015 9:45 PM

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...

 

 

Wannabe_Oracle's picture

LOL - Too little, too late. Reality is shaping up better than Shark Tank (these days).

db51's picture

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

 

 

t0mmyBerg's picture

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...

RyeWhiskey's picture

SiliCON Valley TECH mafia laundering billions and buying politicians.

Just another day in America.

booboo's picture

He was chosen by the elites so he earned nothing, Facebook was always a kleptocraft vehicle kept in play by black budget money.

Oh regional Indian's picture

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 ;-)

palmereldritch's picture

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

NoDebt's picture

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.

 

Itchy and Scratchy's picture

The infected swamp needs to be drained and burned!

JRobby's picture

Then filled in with toxic landfill and used as a burial ground for deposed oligarchs

Seasmoke's picture

Kissinger and Netanyahu approve this LLC. 

GRDguy's picture

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.  

Navymugsy's picture

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.

Caveman93's picture

He's following Twitter? LOL!

Twitter sold their shares first! I see a pattern which by soon all Silicon valley sluts become "philanthropic" overnight.

Wild Theories's picture

He named his daughter Max?

wait, just checked, Maxima?

not even Maxine

Main_Sequence's picture
Main_Sequence (not verified) Wild Theories Dec 2, 2015 9:55 PM

Maybe the child was consummated in the backseat of Priscilla's Nissan.

JuliaS's picture

"Profit" is her middle name.

PoasterToaster's picture
PoasterToaster (not verified) Dec 2, 2015 9:48 PM

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.

Berspankme's picture

This assclown is a bought and paid for .gov stooge. Fuck the hebe prick

MASTER OF UNIVERSE's picture

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.

 


Johnny Horscaulk's picture
Johnny Horscaulk (not verified) MASTER OF UNIVERSE Dec 2, 2015 11:20 PM

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!

stocker84's picture

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@$%

 

 

Carl LaFong's picture

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".

Johnny Horscaulk's picture
Johnny Horscaulk (not verified) Dec 2, 2015 9:53 PM

There are frogs and there are scorpions and Zuckerberg can not help it

http://tomatobubble.com/id345.html

ITS HIS NATURE.

Sizzurp's picture

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.

Itchy and Scratchy's picture

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!

OneHorseCarriage's picture

Sizzurp - Don't you mean "the presidency and Bath Houses"?

Niall Of The Nine Hostages's picture

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?

MrPalladium's picture

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.

Raymond_K._Hessel's picture
Raymond_K._Hessel (not verified) Niall Of The Nine Hostages Dec 3, 2015 1:45 AM

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.

SixIsNinE's picture

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

Otrader's picture

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.

SixIsNinE's picture

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.