Every one's desire that "every child to grow up in the better world". now we are going to fulfill our desire by the company Chain Zuckerberg Initiative.
Our hope for the future in between the two ideas :Advancing Human potential and Promoting Equality for all children in the next generation.
This prestigious mission initially focuses on personalized learning, curing diseases, connecting people and building strong communities
They are taking risk today to learn lessons for tomorrow because The initiative must make long-term investment over 25,50, or even 100 years.
This mission choose to invest $24 million in Andela for its first major initiative, Andela is focused on training Quality developers in Africa through their boot-camp and four- years fellowship program,during their trainees with U.S companies needing development help.
And other educational startup Byju announced raising $50 million in a round co-led by the Chan Zuckerberg Initiative and Sequoia Capital along with investors Sofina, Lightspeed Ventures and Times Internet ltd.. The funding has been raised to to their international expansion
According to filling with the securities and exchange commission, zuckerberg intend to contribute the funds to the Chan Zuckerberg Initiative, but plan to sell or gift no more then $1 billion of facebook stock each year for next three years .
In the above statement The mission Chan Zuckerberg Initiative will be formed as limited liability company controlled by Zuckerberg and Chan, and will fund non profit organisation, make private investment and participate in policy debates. Any profits from investments in other companies will be fund additional work to advance the initiative's mission.
Zucker will his status as controlling stockholder of Facebook for the foreseeable future and will continue to control his share through his control of the initiative.
COMPANY AND TAXATION:
We need to know that Chan Zuckerberg Initiative is not a charitable trust but a limited liability company which can be for-profit, spend money on lobbying make political donations. Zuckerberg will not give all his shares at once and he deduct the fair value of his git to the Chan Zuckerberg Initiative from his taxable income in each year he makes a donation.
If purity is essence here, there seem no reason that the tax system should support it. Zuckerberg can afford to dabble in politics and society without massive subsidies from the rest of the country.
Any ways we hope all succeed in the mission to unlock the gift of every person around the world.
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