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If and when the Chan-Zuckerberg Initiative becomes one of the biggest private social-change funders in history, these early days will be seen as signals of their intentions — and their methods.
The Facebook founder and his wife have pledged to eventually commit 99% of their shares in the company to the LLC, a structure that, unlike a foundation, allows the firm to make grants as well as investments and acquisitions, as well as to influence policy.
Their intentions are apparent in a series of deals since the initiative was announced in late 2015. The biggest bets have been in science and medicine (a $3 billion commitment “to end all disease,” anchored by the $600 million pledge to Biohub at UCSF) and to education, with an emphasis on tech-driven learning for all children.
Read the full article about Priscilla Chan and Mark Zuckerberg's social change investments by Dennis Price and David Bank at ImpactAlpha.