> Poon noted that a charitable foundation cannot own more than 10% of a company’s stock. If at some point Zuckerberg chooses to move 10% of Facebook stock into his Chan Zuckerberg Initiative, he is free to do that.
Re:Note from Mark Zuckerberg
by hkmurakami on Thursday April 28, 2016 @01:43AM
(#11586743)
One requirement he likely wants to avert is the legal requirement for non profits to give away 5% of their assets every year.
http://www.forbes.com/sites/kerryadolan/2015/12/04/mark-zuck...