Re:Gates Makes Largest Donation Since 2000 with $4.6B Pledge
by adventured on Tuesday August 15, 2017 @08:14PM
(#15023957)
> Think about it for a second. He didn't really give the money away he gave it to a charity he controls.
He is in fact giving immense sums of his money away. You should indeed think about it for a second. The Gates Foundation has expended tens of billions of dollars so far.
Fact quote from their site:
"Total grant payments since inception (through Q4 2016): $41 billion"
"Total 2016 Direct Grantee Support: $4.3 billion"
That is an extraordinary sum already. That money is gone, it is not under their control. They're spending $4.x billion per year at this point, that money is non-recoverable, it gets spent. Over time, the fortune is extinguished, as they're forced to give 5% per year. Get it?
He is in fact giving immense sums of his money away. You should indeed think about it for a second. The Gates Foundation has expended tens of billions of dollars so far.
Fact quote from their site:
"Total grant payments since inception (through Q4 2016): $41 billion"
"Total 2016 Direct Grantee Support: $4.3 billion"
That is an extraordinary sum already. That money is gone, it is not under their control. They're spending $4.x billion per year at this point, that money is non-recoverable, it gets spent. Over time, the fortune is extinguished, as they're forced to give 5% per year. Get it?