speaking about socio-economic investments (whether the $200 billion the government is investing into producing the joint service fighter will benefit our society more if invested elswhere)... the seattle times carried an interesting article about the bill & melinda gates foundation on sunday. with an endowment of $24.2 billion, it must find ways to give away the equivalent of $3.3 million each day, in order to meet federal tax rules to remain a non-profit/tax-free organization.

with so much fund at his disposal, it seems bill gates is attacking neglected social and health problems around the world with more resources than the u.s. government has been doing in some areas. with a small (and less bureaucratic?) staff, the foundation appears to be efficient and focused (reflecting the drive, passion, and result-orientation of bill gates). it will be interesting to watch the progress (and impact) bill has on the world besides what he does at microsoft. i wish him success.
posted by kliuless on Oct 29, 2001 - 12 comments