Gates Foundation To Spend All Its Assets

El Lobo writes "The Bill & Melinda Gates Foundation has said it will spend all its assets within 50 years of both of them dying. The foundation focuses on improving health and economic development globally, and improving education and increasing access to technology. It also focuses on fighting diseases such as HIV/AIDS, tuberculosis, and malaria. The Seattle-based foundation plans to increase spending to about $3.5 billion a year beginning in 2009 and continuing through the next decade, up from about $1.75 billion this year." The Wall Street Journal (excerpted at the link above) called the foundation's decision "a decisive move in a continuing debate in philanthropy about whether such groups should live on forever."

Comments

Bill Gates Assassinated By African Assassin

[b0s0z0ku]

Suspect says: we want our money now! (Dateline Redmond, WA January 2007)

-b.

Mwaha

[teknokracy]

So wait.... we have to kill Bill and Melinda to speed up the process??