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How much of the Money donated by B&M Gates Foundation is Bill's personal money vs Money raised from donors? Not trying to diminish his donations, just genuinely
by tseabrooks 14y ago
How much of the Money donated by B&M Gates Foundation is Bill's personal money vs Money raised from donors? Not trying to diminish his donations, just genuinely curious how much money foundations like that raise form outside donors.
- mjn 14y agoDepends on how you count. The endowment is mainly (all?) Gates's money, but a substantial proportion of the annual spending is funded by Buffett. That's because, rather than donate money to the Foundation outright, Buffett set up a recurring-donation program structured in a way so it feeds directly into the Foundation's annual program spending. For 2011, it looks like the Foundation spent $3.4 billion total, of which the annual installment of Buffett's donation accounted for $1.5 billion, so a little under half.