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Wrath of the tigress

Couples who embark on philanthropic ventures could find themselves in an unwanted bind if they fail to take a safety-first approach

25 January 2016

They say that the couple who plays together, stays together. Unfortunately, as a number of recent high profile divorces have shown, the same cannot be said for the couple who donate together. One case in particular has highlighted the importance of considering carefully, at the outset, the intentions behind a couple's charitable giving.

As of December 2015, 141 billionaires, including 75 couples, have signed the Giving Pledge, committing to give the majority of their wealth away for philanthropic purposes. Mark Zuckerberg and Priscilla Chan's announcement that they would donate 99 per cent of their Facebook shares (currently worth approximately $45bn) to good causes made headlines around the world.

However, not all of these headlines were positive. A large amount of the criticism was levelled at the decision to make the donation to a private company, the Chan-Zuckerberg Initi...

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