But a very few know that Zuckerbergs plan to give 99% to charity is a shrewd business plan.
Further, in doing so he will also safeguard his foundation and Facebook from future estate taxes.
Facebook has since confirmed to BuzzFeed that the charity initiative is indeed a LLC.
One such profiteering activity is private investment.
A Facebook release this afternoon stated as much.
Any profits from investments in companies will be used to fund additional work to advance the mission.
99 % not at one go!
Also, Michael Maiello fromDaily Beastsays that Zuckerberg will immensely benefit from the charity plan.
A donor like Mark could realize a tax benefit equal to about one-third of the value of his gift.
source: www.techworm.net
