Laurene Powell Jobs and Anonymous Giving in Silicon Valley - NYTimes.com: "One of the main ways she is able to do that is because of the way she has structured her organization, Emerson Collective. It is an LLC, like a small business, instead of a tax-exempt 501(c)(3), like a charitable organization or foundation. That means that Emerson can make grants, for-profit investments and political donations — and does not have to publicly report its donations as a foundation does.
That strategy is becoming more common, as people seek flexibility, freedom and anonymity in their investments, said Laura Arrillaga-Andreessen, who teaches philanthropy at Stanford, runs her own philanthropy and is a close friend of Ms. Powell Jobs."
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