Criticism of Chan Zuckerberg Initiative and Implications for Impact Investing Industry - The Challenges in Using Market Forces to Do Good

By: Andrew Luu | December 19, 2015

Facebook co-founder and CEO, Mark Zuckerberg, announced earlier this week that he and his partner, Dr. Priscilla Chan, would devote 99% of their wealth, approximately $45 billion, to create social good by making impact investments in sectors such as health, education, scientific research, and energy. The announcement came in the form of an open letter announcing the pair’s launch into parenthood, through the birth of their daughter, and the impact investing industry, through the founding of the Chan Zuckerberg Initiative (CZI), LLC.

Zuckerberg and Chan’s announcement was met with mixed reception. While some celebrated the pair’s efforts, others criticized CZI for its LLC structure, calling into question the motives involved, particularly the tax implications of the LLC structure as well as CZI’s abilities as an LLC to invest in for-profit companies, potentially make political contributions, and avoid disclosure obligations.

Zuckerberg responded to criticisms via Facebook to dispel initial concerns. Primarily, Zuckerberg stated that he and Chan receive no tax benefit from transferring their shares to CZI and that the LLC model was favored over a nonprofit foundation structure to provide flexibility and agility in financing impact projects.

While Zuckerberg is not the first tech entrepreneur to contribute their fortune to the benefit of society through an LLC – for instance, eBay Founder Pierre Omidyar created his own impact investing firm, the Omidyar Network, structured as both an LLC and nonprofit foundation, providing flexible financing in the form of investments and grants –  the initial criticisms of CZI are instructive to general concerns surrounding the impact investing, which may persist as the amount of capital and the number of potential players in the industry continue to grow.

In an interview with NPR, Stacy Palmer, editor of the Chronicle of Philanthropy, discusses impact investing and the perceived dichotomy between nonprofits and market forces. Stacy notes, “there is an important change happening. And one of the things that’s been part of this conversation is how can we use the market to better advantage… there are people who think this is a great idea and [those] who are concerned about it because they said the whole reason philanthropy and nonprofits exist is to correct what the market does wrong”. However, as regulation around the impact investing industry, particularly related to fiduciary responsibility and risk assessment of impact investments, continues to change, the line between market forces and nonprofit efforts begins to blur (See: IRS Ruling Makes Impact Investments More Accessible for Private Foundations).  
As impact investing continues to evolve as an industry, impact investors may inevitably have to mitigate public concern and general skepticism surrounding the use of market forces to alleviate social ills. While the number of realized impact investments continue to grow – adding to the body of evidence surrounding financial and impact performance of the industry – the strategies used by impact investors may also greatly influence perception of the impact investing as a whole. 

Comments

The NFL jersesys shop scene of the postseason Saints's regrettable exit last year is still vivid. Defensive end-user Cameron Jordan believes that if the defense team is stronger then the SaintsShop NFL Jerseys By Team may get the Super Bowl. Into the offseason, Jordan has been trying very hard to recruit Endem Kong Su, but he was disappointed that Sue eventuallyBuy Custom NFL Jerseys chose the Lost and Lost Los Angeles, he chatted endlessly in the interview complained that Su could not wear the black shirt. "The ability Shop NFL Hatsto introduce players like Su is definitely a huge improvement, but it's clear he's more interested in Los Angeles." Jordan said in a live interview: "I'mShop NFL T-Shirts not saying I'm disappointed but just feel a bit sorry. The experience of the past year has given I know a lot, I think we had a chance to recruit him, butShop NFL Hoodie
I didn't succeed.San Francisco 49ers Jerseys I think we can go fishing in the weekend in Louisiana, we can do everything and we can take him everywhere. The Super Bowl is even Philadelphia Eagles Jerseysmore eager to go further in the playoffs. The Rams have done a lot of big things during the offseason and will be our strongest Customized New England Patriots Jerseysopponents." It's a partnership with a defensive beast like Su that I believe is a dream for any player. Cameron JordanCustomized Cincinnati Bengals Jerseys also used to make a double-ghost match with Su, but in the twinkling of an eye, Su chose the league's best defensiveLos Angeles Rams Hats player, Aaron Donald, and turned from a teammate to an opponent. "I want to say that our defense was very good last year, but he needs aAtlanta Falcons Hats strong core. I just want more powerful teammates." Although he did not win the Soviet Union, the biggest thing the Saints team did during Jacksonville Jaguars Hoodiethe offseason was Renewed quarterback Drew Bliss, considering that Brisbane is 39 years old, the team has to find his successor.Washington Redskins Hoodie Judging from the team’s 27th pick, they have only two excellent quarterbacks. One is Lamar Jackson of the University of LouisvilleTennessee Titans Hoodie and the other is Mason-Lu of Oklahoma State. Astoria. If you are the Saint General Manager, then who would you choose? Cameron JordanDenver Broncos T-shirts gives such an answer. "If I'm looking for a future quarterback, then I'll give him the same treatment as Aaron Rogers. Let him learn aChicago Bears T-shirts few years behind Brisbane, and then let him play." Jordan pulled in the screen Mar-Jackson said that he clearly pointed out that the reporterArizona Cardinals T-shirts soon realized this: "Are you talking about Lamar Jackson?" Jordan joked: "No, no, no. I mean Sheldon-Jenkins of Louisville. "We Kansas City Chiefs Hatsknow that a few months of predictions may become meaningless in the hours of the NFL draft show. I don't know how Lamar Jackson willCustomized Jacksonville Jaguars Jerseys feel when he hears Cameron Jordan's remarks. Lang has a good intention, and the Saints also want to prevent the otherPittsburgh Steelers Jerseys team from winning.

There are certainly a number of particulars like that to take into consideration. That is a great level to convey up. I supply the ideas above as normal inspiration but clearly there are questions like the one you deliver up where an important thing will likely be working in honest good faith. I don?t know if finest practices have emerged around issues like that, however I am sure that your job is clearly identified as a fair game. Both boys and girls really feel the affect of only a second’s pleasure, for the rest of their lives. Miss Verlene Fathers Day Pics and Quotes

You have brought up a very superb points , thankyou for the post. design clothing

I went over this site and I trust you have a ton of brilliant data, spared to my bookmarks Auto Insurance Musings

On the off chance that more individuals that compose articles truly fretted about composing incredible substance like you, more perusers would be occupied with their works. Much obliged to you for thinking about your substance. Blowout Bundle Review

2080630 junda
coach outlet
louboutin shoes
yeezy boost
michael kors outlet
true religion jeans
pandora charms
coach outlet
air jordan retro
canada goose jackets
burberry outlet
polo ralph lauren
alexander mcqueen shoes
basketball jerseys
jordan 32
kobe bryant shoes
balmain jeans
ugg boots
louboutin pas cher
golden state warriors jerseys
belstaff jackets
canada goose outlet
guess factory
canada goose outlet
cheap jerseys
kappa clothing
ugg outlet
suicoke sandals
bulgari jewelry
san antonio spurs jerseys
links of london
heat jerseys
knicks jerseys
true religion outlet
fitflops sale
polo ralph lauren
giuseppe zanotti outlet
christian louboutin outlet
celtics jerseys
burberry outlet
jordan shoes
oakley sunglasses
stephen curry shoes
tory burch outlet
ralph lauren polo
michael kors outlet
givenchy jewelry
merrell shoes
michael kors outlet
nfl jersey wholesale
michael kors outlet
ugg outlet
mulberry handbags
ugg outlet
coach factory outlet
moncler jackets
coach outlet
gucci outlet
cleveland cavaliers jersey
bucks jerseys
michael kors handbags
jordan shoes
canada goose jackets
jordan shoes
wizards jerseys
pandora charms sale clearance
denver broncos jerseys
pandora jewelry
michael kors outlet online
gucci outlet
pandora charms
adidas outlet
minnetonka outlet
true religion jeans
balenciaga sneakers
ralph lauren outlet
lacoste soldes
76ers jerseys
air max 2017
ray ban sunglasses
coach outlet online
ugg boots
reebok outlet store
toms shoes
christian louboutin outlet
mbt shoes
coach outlet online
longchamp handbags
ray ban sunglasses
ugg outlet
pistons jerseys
michael kors outlet
toms shoes
kd 10 elite
jordan shoes
cheap mlb jerseys
polo ralph lauren
michael kors handbags
coach outlet
fitflops sale clearance
nba jerseys
true religion jeans
moncler outlet
air jordan release dates
supreme uk
canada goose outlet
ray ban sunglasses
isabel marant shoes
world cup jerseys
kobe 9
nhl jerseys
true religion jeans
michael kors outlet
air max 90
polo ralph lauren
salomon shoes
oakley sunglasses
bottega veneta outlet
ugg boots clearance
marc jacobs outlet
rockets jerseys
canada goose jackets
coach outlet
tory burch outlet
gucci outlet
oakley sunglasses
adidas soccer shoes
bulls jerseys
tods outlet
raptors jerseys
keen shoes
ugg outlet
true religion jeans
pandora outlet
champion clothing
nike outlet
jeep shoes
mulberry handbags
armani exchange
asics shoes
canada goose outlet
polo outlet
michael kors wallets
trailblazers jerseys
lebron james shoes
pandora
uggs outlet
coach canada
oakley sunglasses
air huarache
air force 1
christian louboutin outlet
michael kors outlet
polo outlet
mulberry bags
swarovski outlet
swarovski crystal
polo ralph lauren
chrome hearts outlet
nike roshe one
prada outlet
michael kors outlet
diesel jeans
dior outlet
warriors jerseys
nike foamposite
birkenstock sandals
alife clothing
cheap mlb jerseys
ugg boots
ray ban sunglasses
canada goose outlet
ralph lauren polo shirts
herve leger outlet
mavericks jerseys
light up shoes
longchamp handbags
houston texans jerseys
cheap football shirts
nike shoes
jerseys from china
coach outlet online
air jordan 4
michael kors outlet
ugg outlet
canada goose jackets
air huarache
pandora charms
air jordan 3
ugg boots
arcteryx jacket
true religion jeans
jordan shoes
chloe outlet
real madrid jersey
gucci outlet
ferragamo outlet
nike blazer pas cher
ugg outlets
nike shoes
canada goose outlet
true religion jeans
michael kors handbags
ralph lauren polo shirts
tory burch outlet
puma outlet
canada goose jackets
fendi handbags
ferragamo shoes
coach outlet
fred perry polo shirts
oakley sunglasses
ugg outlet
michael kors outlet
five fingers shoes
michael kors
longchamp handbags
columbia sportswear
michael kors outlet
michael kors outlet online
michael kors outlet
ugg boots
barcelona jersey
fitflops
oakley sunglasses wholesale
baltimore ravens jerseys
jordan shoes
polo outlet
bally shoes
coach outlet
canada goose outlet
adidas nmd
nba jerseys
moncler outlet
moncler outlet
coach outlet
visvim shoes
ray ban sunglasses
chrome hearts outlet
ugg outlet
swarovski outlet
coach outlet online
kyrie 4
canada goose jackets
manolo blahnik outlet
jimmy choo shoes
cheap jordans
coach outlet
kate spade outlet
coach outlet online
futbol baratas
coach outlet
pandora charms
under armour outlet
christian louboutin shoes
polo ralph lauren
ugg outlet
michael kors outlet
ralph lauren pas cher
palladium boots
uggs
longchamp outlet
christian louboutin shoes
saucony shoes
canada goose outlet
tag heuer watches
oakley sunglasses
cheap jerseys
michael kors outlet
uggs outlet
brequet wathes
nike factory outlet
michael kors outlet
longchamp handbags
ugg outlet
kate spade outlet
oakley sunglasses
chicago blackhawks jerseys
christian louboutin outlet
air max 90
chelsea jersey
ysl outlet
fitflops sale clearance
cheap jordans
football shirts
cheap jordans
cavaliers jerseys
jordan shoes
ed hardy clothing
polo outlet
ray ban sunglasses
malone souliers
canada goose outlet
thunder jerseys
longchamp outlet
prada handbags
pelicans jerseys
undefeated clothing
nike shoes
air jordan 12
coach outlet
grizzlies jerseys
brequet wathes
barbour jackets
y3 shoes
kobe shoes
cheap jordans
simulation shoes
nike store
ray ban sunglasses
adidas crazy
fila shoes
jordan shoes
coach factory outlet
michael kors outlet
kate spade outlet
canada goose outlet
harry winston jewelry
adidas uk
cartier jewelry
michael kors outlet
kevin durant shoes
mulberry outlet
huf clothing
valentino outlet
audemars piguet watches
lacoste polo shirts
nobis outlet
pandora outlet
ugg boots
michael kors handbags
manchester united jersey
polo ralph lauren
ray ban sunglasses
oakley sunglasses
ray ban sunglasses
adidas outlet
michael kors outlet
dsquared2 jeans
fitflops sale clearance
air jordan 4
ecco shoes
kate spade outlet
supreme clothing
true religion outlet
prada shoes
nfl jerseys wholesale
oakley sunglasses wholesale
canada goose outlet
gucci handbags
golden goose sneakers
cheap jordans
swarovski crystal
canada goose outlet
polo ralph lauren
pandora jewelry
canada goose outlet
cheap jordans
ray ban sunglasses
canada goose jackets
cheap nfl jerseys
oakley sunglasses
new balance shoes
ugg outlet
oakley sunglasses
indianapolis colts jerseys
dolce and gabbana
ferragamo outlet
soccer jerseys
cheap jordans
tory burch outlet
cheap jordans
fitflops sale
coach outlet store online
calvin klein jeans
ray ban sunglasses
michael kors outlet
canada goose jackets
montblanc pens
michael kors outlet
uggs outlet
christian louboutin outlet
uggs outlet
pacers jerseys
nike store uk
cheap jordans
canada goose jackets
longchamp solde
fitflops shoes
ferragamo shoes
coach outlet
nike air max 2015
true religion jeans
canada goose
off white
camel shoes
ray ban sunglasses
longchamp pas cher
nike presto
coach outlet online
ferragamo outlet
michael kors outlet
karen millen dresses
michael kors outlet
cheap snapbacks
canada goose jackets
ray ban sunglasses
michael kors uk
givenchy handbags
michael kors
longchamp pliage
converse shoes
oakley sunglasses
cheap nhl jerseys
coach outlet
g-star jeans
oakley sunglasses
clippers jerseys
nike pegasus
swarovski outlet
denver broncos jerseys
coach outlet
christian louboutin outlet
coach handbags
mulberry handbags
canada goose outlet
jazz jerseys
coach outlet online
canada goose outlet
ray ban sunglasses
air jordan shoes
polo outlet
clarks shoes
coach outlet
nike outlet
michael kors outlet
hermes outlet
oakley sunglasses
nike air max
adidas wings
michael kors outlet
kate spade outlet
oakley sunglasses
mont blanc pens
air more uptempo
pandora charms
timberwolves jerseys
canada goose outlet
canada goose outlet
freshjive clothing
michael kors handbags
cheap jordans
kate spade outlet
oakley sunglasses
bvlgari jewelry
le coq sportif shoes
true religion uk
nike revolution
michael kors outlet
burberry outlet
coach outlet online
james harden jerseys
polo ralph lauren
kings jerseys
fitflops outlet
canada goose parka
cheap jordans
coach outlet
gentle monster sunglasses
cheap jordans
coach outlet
nuggets jerseys
adidas trainers
hawks jerseys
moncler jackets
mulberry bags
kate spade outlet
true religion jeans
jimmy choo sunglasses
furla handbags
wellensteyn jackets
prada sunglasses
ferragamo outlet
dc shoes
balenciaga sneakers
oakley sunglasses
birkenstock outlet
a bathing ape
yeezy boost
isabel marant outlet
nhl jerseys
ugg outlet
kate spade outlet
polo ralph lauren
tory burch outlet
hermes outlet
burberry outlet
michael kors
coach outlet online
pandora charms
longchamp solde
spurs jerseys
mac makeup
van cleef & arpels jewelry
coach outlet
yeezy boost 350
fitflops
oakley sunglasses
kevin durant shoes
air max uk
true religion jeans
kate spade outlet
adidas nmd
carrera sunglasses
oakley sunglasses
dansko shoes
coach outlet online
kate spade outlet
stussy clothing
fossil watches
polo shirts
ray ban sunglasses
true religion jeans
hermes birkin
ugg outlet
bcbg dresses
fingerlings monkey
toms shoes
harden shoes
miu miu handbags
pandora charms
nets jerseys
mishka clothing
pandora jewelry
lakers jerseys
tory burch outlet
canada goose coats
true religion outlet
jack wolfskin
longchamp bags
ferragamo outlet
ray ban sunglasses
basketball shoes
reebok trainers
uggs outlet
michael kors outlet
canada goose outlet
supra shoes
coach outlet
lakers jerseys
polo ralph lauren
soccer jerseys
kate spade outlet
stuart weitzman shoes
ray ban sunglasses
canada goose jackets
nba jerseys
hornets jerseys
longchamp outlet
oakley sunglasses
kd 9
mcm outlet
mulberry handbags
pandora charms
nike air max 90
air jordan shoes
nike roshe
michael kors outlet
pandora charms
ugg outlet
nike store
polo ralph lauren
air max 90
coach handbags
san francisco 49ers jerseys
coach outlet
michael kors outlet
kate spade outlet
uggs outlet
canada goose jackets
mizuno running shoes
pandora charms
ubiq shoes
pandora charms
magic jerseys
cheap jordans
suns jerseys
michael kors outlet
coach outlet
chloe sunglassess
tory burch outlet
chopard jewelry
ray ban sunglasses
jordan shoes
canada goose outlet
coach factory outlet
michael kors
ralph lauren polo shirts
oakley sunglasses
bape clothing
coach outlet
canada goose outlet
michael kors outlet
vans shoes
michael kors
hermes belt
mulberry outlet
canada goose jackets
christian louboutin outlet
cazal sunglasses
swarovski outlet
moncler outlet
10 deep clothing
christian louboutin outlet
air max 95
polo ralph lauren
air max 97
polo ralph lauren
soccer shoes
kevin durant jerseys
true religion outlet
tory burch outlet
nike air force 1
air max 90

A complete customer care directory where you can find all the contact information of any service provider. Simply search by company name & find all the phone number & other support detail. Check now - 800 Support Desk

Find all the CA Antivirus Customer Service phone number and other contact detail of CA Antivirus for better customer service experience. Find out contact phone number now.

Pages

Andrew Luu

Join Now

Popular Impact Articles

Subscribe to the blog

By email

By RSS