03-12-2015 07:56 via indianexpress.com

Mark Zuckerberg’s 99% wealth donation: Why this isn’t purely philanthropy

Philanthropic foundations such as the one set up by Microsoft Corp co-founder Bill Gates typically support non-profit organizations, and they are required to pay out at least 5 per cent of their assets in grants each year, a restriction the Zuckerbergs will not face.
Mark Zuckerberg, who famously urged his company Facebook Inc to “move fast and break things,” is taking a similar approach to the staid world of philanthropy, indicating his new venture will get directly involved with p
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