< 1 min read
January 8, 2016
Big philanthropy has begun to receive bigger criticism than in the past, and will hopefully serve as a necessary corrective to the lessons that Mark Zuckerberg learned in New Jersey.
"Mark Zuckerberg and Priscilla Chan recently announced their ambitious plans to give 99 percent of their Facebook stock to an LLC that will make charitable contributions, engage in lobbying, and invest in for-profit businesses, all with charitable aims. The announcement inspired skepticism from some pundits, who used the couple’s $100 million grant to the Newark public-school system of several years previous to warn that even the best intentions can end in disappointment."--Pat Burke, Philanthropy Roundtable