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Plenty of other charities in the world. Just because he stopped giving to the Gates Foundation over Epstein ties doesn't mean he won't send the money somewhere
by DennisP 13d ago
Plenty of other charities in the world. Just because he stopped giving to the Gates Foundation over Epstein ties doesn't mean he won't send the money somewhere else.
- al_borland 13d agoSure. The thing with the Gates Foundation is that it was able to handle billions. Most charities aren't equipped to effectively manage and deploy that kind of wealth. The Gates Foundation made it easy for billionaires to send a large lump sum to one place that was equipped to deal with it. Having to part out all his wealth $5m at a time to spread it around without overwhelming the systems in place, would be a second act that I'm not sure Buffett has the time for.
- DennisP 13d agoThat's a good point but the Gates Foundation isn't alone; there are a fair number of other foundations in the $10-100 billion range. https://en.wikipedia.org/wiki/List_of_wealthiest_charitable_foundations https://en.wikipedia.org/wiki/List_of_wealthiest_charitable_...
- fakedang 12d agoNone that operate at the scale of deployment that BMGF operates in.
- DennisP 11d agoSince the BMGF is only the fifth largest, how do you justify that statement?
- fakedang 11d agoScale of deployment vs scale of funding.
- DennisP 11d agoDo you have a source? Because it seems unlikely to me that charitable foundations with even more capital are not deploying it at similar scale.
- fakedang 11d agohttps://givingcompass.org/article/who-are-the-worlds-10-largest-foundations https://givingcompass.org/article/who-are-the-worlds-10-larg...