3 ms·
> So that means the Bill & Melinda Gates Foundation will be > non-existent 100 years from now. Not necessarily. Put $100 billion into a trust and you can spe
by biot 14y ago
> So that means the Bill & Melinda Gates Foundation will be
> non-existent 100 years from now.
Not necessarily. Put $100 billion into a trust and you can spend billions of dollars a year from the interest generated without depleting any capital. Barring unforeseen economic catastrophes, this can be sustained indefinitely.
- clauretano 14y agoThe Gates Foundation will cease to exist 50 years after both Bill and Melinda are deceased. Despite the fact that it could be sustained, it won't be.
- asselinpaul 14y agoIf you use all the interest, you'll lose money because of inflation.
- yannickmahe 14y agoBill & Melinda Gates want to avoid the foundation spending money and energy staying alive. So the rule is that all the money has to be spent 50 years after they die.
- cayblood 14y agoOne good thing about baking in a date of dissolution is that the organization will not be so concerned about self-preservation that it loses sight of its primary mission.