It also matters how effectively the money is being used. The Gates Foundation tries to measure its effeciveness and reduce waste. I'm not so sure that other cha

It also matters how effectively the money is being used. The Gates Foundation tries to measure its effeciveness and reduce waste. I'm not so sure that other charities - many of them religious - are spending as effectively and making as much of a difference per dolllar. Another thing that matters is long-term vision. Many charities try to spend on what is visible to help fundraising, while big private foundations can often invest in R&D and other high-risk high-reward projects.