The Chan-Zuckerberg Initiative: Do You Trust Them?

Diane Ravitch's blog

Martin Levine writes in the Nonprofit Quarterly about the Chan-Zuckerberg Initiative, expressing his concerns about transparency and democratic values.

The concern has been that in structuring such a large commitment as an LLC rather than as a trust or another form of charitable gift, Priscilla Chan and Mark Zuckerberg upset the norms that have protected the public interest. In an earlier NPQ story, I raised this concern directly, writing that What Zuckerberg and Chan have done is more an act of investing in themselves than a decision to give away their assets. It privatizes the way these funds will be directed and minimizes the public’s control of how charitable dollars are spent. In a time when there is a growing concentration of wealth in the United States, as illustrated by a study recently published by the D.C.-based Institute for Policy Studies, the difference this makes presents a great danger to…

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