eicker.news ᳇ tech newsThe #MarinCommunityFoundation received 13.4 million shares from #Figma co-founder #EvanWallace, making it the largest selling shareholder in Figma’s IPO. This #windfall, coupled with the foundation’s history, highlights the #complexities of #philanthropicgiving and the impact of #techwealth on #charitableorganisations. https://fortune.com/2025/08/02/figma-ipo-surprise-winner-marin-community-foundation-history-legal-fight/?eicker.news #tech #media #news
Figma IPO’s surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over an oil fortune decades ago
The Marin Community Foundation netted $440 million as the IPO's largest selling shareholder. The philanthropic organization is itself the product of a previous generation of big business—and a famous legal fight for control of the money.