Autumn Marathon

“Although spending at this level will reduce the assets more quickly, the goal of our foundation is to make investments whose payback to society is very high rather than to pay out the minimum to make the endowment last as long as possible.”

—

Bill Gates – 2009 Annual Letter: Bill & Melinda Gates Foundation

Although his first annual letter was rambling and, in the way it was pimped up and prettified by a PR staff - self-indulgent, Bill Gates’ status report is a very useful review of the critically important work that the foundation does. The analysis of the global economic crisis is quite good. This quote was the best part: you have to applaud the man for using his influence to tell the grant-giving world that now is not a time to be timid.

Autumn Marathon

“Although spending at this level will reduce the assets more quickly, the goal of our foundation is to make investments whose payback to society is very high rather than to pay out the minimum to make the endowment last as long as possible.”

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Autumn Marathon

“Although spending at this level will reduce the assets more quickly, the goal of our foundation is to make investments whose payback to society is very high rather than to pay out the minimum to make the endowment last as long as possible.”

About

Want More?

TumbleLog

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