Techcrunch interviews the chief of staff, Caitlin Fox, of the Chan Zuckerberg Initiative and reveals the approach of the Chan Zuckerberg family to philanthropy. The article begins as follows:
“They are willing to embrace risk and invest in things that may take 10, 20, 50 years to show really concrete results and that’s amazing,” says Caitlyn Fox, chief of staff of the Chan Zuckerberg Initiative.
After weeks of critics jumping to conclusions before seeing details or results, Fox spoke with me for nearly an hour about the strategy for Priscilla and Mark’s philanthropic foundation.
CZI will be structured similarly to Facebook’s acquisitions. The couple will entrust expert leaders to pursue pioneering solutions to huge problems without much micromanagement. The goal is to use the flexibility afforded by organizing the Chan-Zuckerberg fortune as an LLC rather than a non-profit to experiment in search of impact with agility.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.