Quote:
Originally Posted by Goodlad
It's not a foundation though. It's an LLC (Limited Liability Company) which Zuckerberg himself will oversee. It has no obligation to spend any of the money on charitable purposes.
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Yes, with the result that it pays tax as a corporation on any income it earns, just like any other corporation. So what's the problem? Please explain to me why you aren't similarly annoyed that, for example, Apple Inc. has "no obligation to spend any money on charitable purposes"?
The use of trusts for estate planning is a whole other animal.