Zuckerberg's philanthropy cuts funding for affordable housing, homelessness

Funding for homelessness and other such things should not depend on the benevolence of the ultra rich. Tax them and let society decide what to do with the money.

When you do the math, anybody having even average financial management abilities with those kind of resources would be able to afford to make a bigger dent in these type of social problems now than they would in the past.

There's got to be an inherent defect somewhere.

Oh yeah, now that the republicans are destroying the remaining social services, Zuckenberg thinks they will like him more if he removes his own.

It is about trying to look good to whoever is on power, I guess.

Perhaps Zuckerberg envisioned this funding as a stopgap or "leg up" type of assistance that would eventually go away when the communities could be more self-supporting. I don't know the situation on the ground there.

But it seems that most philanthropies, if they intend to establish something enduring, especially a school or hospital, that they usually have an endowment and a board that will be self-sustaining, and it is not dependent on the ongoing largesse of the philanthropist himself. That seems fraught with peril in several ways.

I hope that the beneficiaries of these schools were informed in advance that their ongoing existence was not guaranteed, so that they could make appropriate contingency plans. I myself have been involved in plenty of projects which depended on ongoing grant proposals, and therefore we didn't bank on future years until the funds were all in place.