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Re:Note from Mark Zuckerberg by zrail on Wednesday April 27, 2016 @08:07PM (#11585667)
It is not a non-profit. It is explicitly a for-profit private company because there are many things a non-profit is legally prohibited from doing.

http://www.forbes.com/sites/kerryadolan/2015/12/04/mark-zuck...

Re:Note from Mark Zuckerberg by tedmiston on Wednesday April 27, 2016 @08:26PM (#11585756)
> 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.