4 ms·

> Gates has specified that their Foundation needs to disburse all funds within some specific, limited timeframe (20 years?) after his death. First time I'm hea

> Gates has specified that their Foundation needs to disburse all funds within some specific, limited timeframe (20 years?) after his death. First time I'm hearing of this. Anyways, haters are going to hate no matter what he does. >Once you have amassed a three-digit billion dollars amount, giving it away in such an expedited manner is really the best you can do. I'm not sure it's the best. I like what he's currently doing though, ensuring the money gets to where it's needed instead and use for what its intended purpose. If giving it all quickly was his main goal, he'd have just given it all to WHO, Red cross and the thousands of NGOs around the world. But it's an open secret that less than half of the money gets to its destination. The rest are spent on administrative purposes, logistics, marketing, more fund raising...

IfOnlyYouKnew 6y ago
> [..] he'd have just given it all to WHO... You'll be happy to hear that the Bill & Melinda Gates Foundation is not just any supporter of WHO, but their second largest. That's second largest including all the world governments'. Their donation makes up around 10% of WHO's total financing, with only the United States contributing more (for now). https://en.wikipedia.org/wiki/World_Health_Organization#Present https://en.wikipedia.org/wiki/World_Health_Organization#Pres... But your larger point is definitely valid. It's a perennial debate if such individually organised altruistic endeavours aren't liable to waste their money due to incompetence/lack of coordination/self-aggrendization/etc.
- vezycash 6y ago
  >You'll be happy to hear that the Bill & Melinda Gates Foundation is not just any supporter of WHO, but their second largest. Thanks. I knew about it thanks to the anti-Bill gates crowd who managed to spin the huge donation negatively. I.e. he's in control of WHO using it to pursue his 'evil' agendas. And to force mandatory vaccination. But for me, the knowledge made me know who to thank for the free polio, yellow fever, HIV... vaccines in my country. I also made it a point to point out how much he's spent on malaria in Africa. I suspect he's subsidizing malaria drugs as well but I don't have any source to back this up.
bungle 6y ago
Does his money go somewhere? I have heard stories that he'll give most of it away. Still every year he stays about the richest man in the planet. Also his foundation. In my opinion, the question is not about giving when your wealth just increases each year. Yes, he could keep it all on himself, but as wealthy as he is, it is nice to have these side projects that paint him as a great man.

IfOnlyYouKnew 6y ago

> [..] he'd have just given it all to WHO... You'll be happy to hear that the Bill & Melinda Gates Foundation is not just any supporter of WHO, but their second largest. That's second largest including all the world governments'. Their donation makes up around 10% of WHO's total financing, with only the United States contributing more (for now). https://en.wikipedia.org/wiki/World_Health_Organization#Present https://en.wikipedia.org/wiki/World_Health_Organization#Pres... But your larger point is definitely valid. It's a perennial debate if such individually organised altruistic endeavours aren't liable to waste their money due to incompetence/lack of coordination/self-aggrendization/etc.

vezycash 6y ago
>You'll be happy to hear that the Bill & Melinda Gates Foundation is not just any supporter of WHO, but their second largest. Thanks. I knew about it thanks to the anti-Bill gates crowd who managed to spin the huge donation negatively. I.e. he's in control of WHO using it to pursue his 'evil' agendas. And to force mandatory vaccination. But for me, the knowledge made me know who to thank for the free polio, yellow fever, HIV... vaccines in my country. I also made it a point to point out how much he's spent on malaria in Africa. I suspect he's subsidizing malaria drugs as well but I don't have any source to back this up.

bungle 6y ago

Does his money go somewhere? I have heard stories that he'll give most of it away. Still every year he stays about the richest man in the planet. Also his foundation. In my opinion, the question is not about giving when your wealth just increases each year. Yes, he could keep it all on himself, but as wealthy as he is, it is nice to have these side projects that paint him as a great man.