Zuckerberg’s Philanthropic Organization Grows Ever More

As WMoption and other brokers and analysts anticipated, Mark Zuckerberg and his wife Priscilla Chan have continued to support their own charity fund, with the latest batch of monetary influx being $95 million from the recent sale of Facebook shares. For investors, it means more shares on the market, and for any beneficiaries of the fund in question, it will likely mean easier access to good quality education and medicine.

Last Wednesday, the stock market saw a lot of Facebook shares being sold on behalf of Mark Zuckerberg and his wife, and the cause for this move is reportedly philanthropic in nature. In the true fashion of the modern times, there has been a series of pledges spearheaded by Bill and Melinda Gates, followed by a number of billionaires, saying that after their deaths, a significant portion of their net worth will be distributed to those in need, in accordance with their funds and wishes.

Thankfully, they are all alive and well (for the most part), but this pledge has effectively polarized the public opinion. Some support this initiative, citing it as an inspiration to us all, while others remain more skeptical on this matter and attribute this sudden outburst in charity to a number of tax cuts and legal loopholes.

 

760,000 shares

The total number of Facebook shares that were sold last Wednesday was 760,000 and their estimated worth is roughly $95 million. Naturally, all that money is supposed to go to their charitable organization, the Chan Zuckerberg Initiative. On a side note, the CZI was founded in 2015 after the wealthy couple were blessed with a daughter named Max. In her honor, they have founded an organization that is focused on curing diseases, education, communication and community building.

In their effort to eradicate sickness, improve the learning process, build strong communities that will see the dawn of this new age and bring them together via the medium of the Internet, the couple is willing to part with 99% of their assets – in Facebook and over a period of time that spans across their entire lifespan. Back when they announced it, the net worth of their Facebook shares was estimated at $45 billion; it has since increased by almost one fifth.

 

So, What Gives?

The plan was to move the 99% of shares to the CZI fund and sell roughly $3 billion’s worth in Facebook shares over the period of three years – and possibly see where it goes from there. This most recent transaction is merely another step in their long-term project and should not affect the stock price in any meaningful way, at least not on its own. Naturally, the market has and will respond to this and similar gestures, and not just for Facebook, either – but this does not mean the prices are going to change that drastically and in such a hasty manner. In fact, the prices should stabilize soon enough, if they haven’t done so already by the time you are reading this.

However, the reason why so many people have come to criticize this move does have some merit on its own, even as Zuckerberg and Chan’s plan unfolds. In fact, many remain convinced that this is in fact some sort of financial scheme aimed at exploiting tax benefits and legal loopholes, while benefiting from an aura of altruism at the same time. Enchanting your own image and making money while you are doing it – what could be better?

 

Conclusion

Most of these allegations get their ammunition from the fact that the charity fund is technically – and what is more important, legally – a limited ability corporation rather than a non-profit organization. Why? Perhaps because there are rules for non-profit organizations and the way their funds are managed. Many of their defenders point out that a limited ability corporation is superior when it comes to managing funds and allocating them where they are needed the most, and towards any cause that the people in charge of it see fit. And it does not take a genius to figure out who is in charge of this corporation.

So, technically, Zuckerberg and Chan are selling off a portion of their Facebook assets (a huge portion actually, but that does not really matter now) and giving money to themselves in a controlled, calculated manner and in bite-sized portions. The recent one was worth $95 million, and hopefully, this money will get to those in need.

 

What’s More Expensive: Paying for a Car Accident or Car Insurance?

Accidents are bound to happen. This is why we have insurance. Insurance financially protects us from the cost of damages and injuries caused in accidents, whether we’re at fault or not. Despite this, many drivers risk driving without car insurance. According to the Insurance Research Council, over 12.6 percent of motorists in the U.S. are uninsured.

If you’re one of the millions of motorists driving without insurance, you should know that there are serious penalties associated with getting in an accident when not covered by an insurance policy. You could have your vehicle registration or driving license suspended, be slapped with hefty fines or have to serve jail time.

Even worse, you may be sued and have to pay for injuries and damages caused in the accident out of your pocket. These can be very costly.

 

The cost of accidents to uninsured drivers

Having adequate car insurance is for more than just the fulfilment of the law. Car insurance goes a long way in protecting your finances and assets in case of an accident for which you can be held liable. Car insurance allows you to pay a small amount now so that you won’t have to pay a large amount in case of an accident.

The National Safety Council estimated in 2012 that out-of-pocket expenses for car accidents to be between $8,900 on average for each property damage crash, $78,900 for each injury and 1.4 million in the case of each death.

Uninsured motorists should be even more worried as costs for medical care and repairing damages continue to rise. According to a 2014 Insurance Research Council study, medical costs for injuries resulting from auto accidents are rising much faster than inflation. The study revealed that out-of-pocket expenses have risen by 4 percent between 2012 and 2014.

Apart from compensating for injuries and property damage, you will also have to factor in legal fees if you are sued, as well as the cost of paying tickets and towing expenses. These costs all add up to hefty fees that can devastate your finances.

 

What to do when you’re in an accident

If you’re the uninsured driver and are involved in an accident, it’s tempting to want to leave the police out of the matter. However, make sure you’ve filed a written report with law enforcement to protect your rights. You may not be at fault and could receive compensation from the other party.

If you are found at fault, it is still important to have a written statement. This will be used as proof of what occurred in case you are sued. You should contact an attorney as soon as possible to ensure that your rights are protected.

Depending on the nature of the accident, you can negotiate for a payment schedule through the insurance company of the other driver. This may provide a bit of a cushion in making payments.

 

Get car insurance

Car insurance quotes compare websites like CoverHound are good places to start in the insurance shopping process. There are companies that will be willing to provide you with car insurance even after an accident.

It is important to be honest and let them know about any incidents you’ve been involved in. Doing so will give you an accurate quote for car insurance. It will also keep your insurance rates from soaring later on when the car insurance company discovers your driving history.

 

Reasons to Sell Property Now

When you think about the opportunity to sell a property or a home, there are a countless number of options out there that could have things end up in your favor. Whether you want to do it as a business, capitalize on the equity, or just move to lock in lower interest rates, there are literally dozens of reasons why selling a home make sense at any time. However, while selling is never a bad reason, there are absolutely some reasons you can only take advantage of now. Keep the following in mind as you mull over selling your property.

 

Timing Effects

As an article from AOL states, there are many reasons why a home would or would not sell. In short, however, it can come down to the timing effect. As of right now the rates of selling a home are at an all-time low all around the world. People are incentivized to buy. This means that as long as you are going to put your house up for sale then you are going to be putting it up during one of the best times for people to buy. In other words, you might not even have your house up to your own standards, it might need some work done, and there could even be reasons that you would think it might not sell at top dollar, but just because there are so many other people who are currently trying to capitalize on the market for low loans and cheap mortgages, your house will sell.

Any buyer who is competing for the home of their dreams in a market where the supply is ow relative to the high demand of houses already knows that they may not get the best house ever. However, they also know that they can still get a quality house for their money and lock in a low rate. That means they would rather deal with a house that they still need to fix up a bit instead of not having one at all. This is the time to sell.

 

Shortage of Houses, But Not For Long

The one thing you have to be conscious of is that while this might be the best time ever to sell, you also have to know that there are some major problems that are potentially brewing right around the corner. If you don’t think about what is on the horizon with respect to the general population of the world aging and all of the baby boomers preparing to retire and move out of their homes, then you also won’t realize that in a few years or even a decade or two the prices of homes could plummet. For now, however, you have a tremendous opportunity of selling any home and doing so quickly as long as you look into the options of a free advertise listing with a site like DDProperty so you can get your home on the market and make sure people know it is out there as well.

 

Mortgage Rates Will Rise

While the idea of when the mortgage rates than consumers are able to lock in today are nice for those consumers, the truth of the matter is they cannot stay this low for long. Banks, lenders, and other areas of society need to be able to bring in cash flows and profits, and the idea that people aren’t paying very much to borrow could be a wrench in the system over the long term. However, when you hear about the pressure in general to try and start raising the rates, you know it is only a matter of time before they all start to increase.

When it comes to dealing with the mortgage rates in general, the idea is that the governmental societies and governing bodies will push the rates up because they have already indicated that they will do so. The real question is just when it will happen, and whether or not it will happen as quick as anyone is anticipating or if it will take another year or two. Regardless of when it does occur, however, the fact is everyone already knows the period of time is coming to a close when mortgage loans and rates will be this cheap. That’s why it’s important to act now.

 

Curb Appeal

As the Washington Post says, there are many reasons why a buyer would potentially look at a home and decide right off of the bat why they would or would not want to purchase a new residence for them. However, one of the first reasons is the curb appeal. When the buyer first spots a house and the first few seconds that they take it in, they will already be trying to discover whether or not this house can work for them. What you need to do is simply try to understand if you are going to be able to sway them with the curb appeal of your home.

Thankfully the current seasons that are upon you are the prime ones for getting outdoors, appreciating nature, and taking in all of the plants and landscaping that the world has to offer. When you are trying to discover whether or not a property is going to sell due to the curb appeal, therefore, it is imperative that you use the current time to get it looking great from the road and then you can have your place sold without needing to wait a whole additional year for the nice times to come back again.

As everyone moves forward into society they always see a much better opportunity for themselves otherwise known as a home. The question is whether or not the current economy is beneficial to home buyers and sellers, and then whether or not that economy will change in the future. When you consider the fact that home buying is occurring constantly in this market that is a good thing for sellers, but when you also consider it could slow down in the near future then you have to know it could be a major cause to sell today while you can maximize your profits.