News for hackers. Stuff that matters.
Re:20 years to give away virtually all my wealth by nostromo on Thursday May 08, 2025 @03:34PM (#43930396)
I worked there and would encourage you not to do that.

It'd be smarter to see who they are giving money to (which is all public) and give directly to those orgs. The Gates foundation itself spends a lot of money on consultants, "government engagement" (aka lobbying by another name), and fancy dinners.

That's fine or maybe even noble for a family foundation, but it's probably not something individuals would want to fund.

Re:20 years to give away virtually all my wealth by qingcharles on Thursday May 08, 2025 @04:18PM (#43930855)
Lobbying is ugly, but essential in the system we live in. You have to be pragmatic about it :(
Re:20 years to give away virtually all my wealth by delusional on Thursday May 08, 2025 @04:38PM (#43931066)
That depends on what you are lobbying for. I don't think we have to treat all lobbying the same.
Re:20 years to give away virtually all my wealth by qingcharles on Thursday May 08, 2025 @11:05PM (#43933459)
The problem is the good guys have to spend donations on lobbying because otherwise the legislators are only hearing from the bad guys. This is a story as old as time I think.
Re:20 years to give away virtually all my wealth by Breza on Friday May 09, 2025 @09:17AM (#43936399)
The 1st Amendment says it's a fundamental right
Re:20 years to give away virtually all my wealth by reaperducer on Thursday May 08, 2025 @03:37PM (#43930434)
Exactly. He doesn't need 20 years. That's just him trying to draw attention to himself.

If he was really serious about giving away his money, he could write a single check to the Red Cross || Doctors Without Borders || insert charity here and in five minutes be done with it.

The world doesn't need more vanity charities. It needs its existing charities to be better funded.

Re:20 years to give away virtually all my wealth by SteveNuts on Thursday May 08, 2025 @03:58PM (#43930670)
That much wealth could probably fund every food bank in the country indefinitely, even at extremely conservative returns.
Re:20 years to give away virtually all my wealth by JumpCrisscross on Thursday May 08, 2025 @04:39PM (#43931076)
> That much wealth could probably fund every food bank in the country indefinitely

That seems like an incredibly stupid way to spend money that has been eradicating diseases and saving lives in countries where food insecurity isn’t a choice.

Re:20 years to give away virtually all my wealth by jkestner on Thursday May 08, 2025 @05:12PM (#43931408)
Food insecurity is a choice in the US? I suppose yes, if you mean it's the government's choice: https://www.nbcnews.com/news/us-news/food-banks-usda-cuts-im...
Re:20 years to give away virtually all my wealth by JumpCrisscross on Thursday May 08, 2025 @06:07PM (#43931860)
> Food insecurity is a choice in the US? I suppose yes, if you mean it's the government's choice

That’s what I mean. Like the housing shortage, food insecurity is trivially solved if voters cared about it. We don’t at almost every political level.

Re:20 years to give away virtually all my wealth by therealdrag0 on Friday May 09, 2025 @02:35AM (#43934337)
Do food banks lack funding? In my region they often struggle to give away food before throwing it out. Even the poor in America don’t starve.
Re:20 years to give away virtually all my wealth by jncfhnb on Thursday May 08, 2025 @04:10PM (#43930783)
The Red Cross is not equipped to make effective use of all that money at once
Re:20 years to give away virtually all my wealth by PaulRobinson on Thursday May 08, 2025 @04:31PM (#43930987)
Says who? They can (ethically) invest it and fund programs off a 5%-8% or better return. They can find new things to do. They can donate some of it into health research that is currently under-funded.
Re:20 years to give away virtually all my wealth by JumpCrisscross on Thursday May 08, 2025 @04:39PM (#43931067)
> They can (ethically) invest it and fund programs off a 5%-8% or better return

They can also lose or squander it. One of the Gates Foundation’s value adds is monitoring.

Re:20 years to give away virtually all my wealth by 2muchcoffeeman on Thursday May 08, 2025 @05:16PM (#43931455)
And with such a sum of money they would surely have to hire staff to work all that out. Can thy do that?

I’ve tried volunteering at certain orgs before, I filled out forms and literally they rejected me because they had no more staff to organise and oversee more volunteers.

If your solution is just invest it, well, the Gates Foundation may as well hang on to it (you think you can do better job than Buffet?) and setup a system to dole it out.

If the org has to find new uses for it, surely the Gates Foundation is in a better position to get that done?

Re:20 years to give away virtually all my wealth by jncfhnb on Friday May 09, 2025 @08:37AM (#43936063)
These are things that the Gates Foundation does currently and the Red Cross does not (at the scale of the Gates Foundation).
Re:20 years to give away virtually all my wealth by kurthr on Thursday May 08, 2025 @03:58PM (#43930666)
I'd be more willing to give this idea credit, if the total annual budget for the ICRC ($2B) and Doctors Without Borders ($1.6B) was more than a few percent of the total amount being proposed (>$100B invested or ~$8B/yr for 20 years).

You'd require those organizations to more than double in size to use the funding provided. That's not a good plan. Bluntly, his plan is better than yours.

I've got no love for Gates, but are you just trying to draw attention to yourself? What's your agenda? You're the one making a fairly outrageous unsupported claims.

Re:20 years to give away virtually all my wealth by frereubu on Thursday May 08, 2025 @05:03PM (#43931345)
Anecdata, but the brother of a friend was working on malaria in a SE Asian country and the Gates Foundation got interested in what they were doing, and wanted to find out more about it before possibly funding some of their work. They flew the entire team to the US, put them up in expensive hotels for a few days and flew them all back. They calculated that the cost of that was three times their annual budget. It would have made more sense to me to either (a) fly someone from the Gates Foundation to the country so they could see things first hand or (b) conduct the investigation / interviews via the internet. Given that the Foundation's people weren't in-country anyway, (b) seems like the best option all round given the environmental costs of flying.
Re:20 years to give away virtually all my wealth by michaelt on Thursday May 08, 2025 @05:41PM (#43931638)
> They flew the entire team to the US, put them up in expensive hotels for a few days and flew them all back. They calculated that the cost of that was three times their annual budget.

Are you sure about that?

Let's say every employee gets a $1000 round trip flight, plus $2000 for 4 nights in a decent hotel, a total of $3000 per head. Are you telling me that employee is paid $1000 a year or less?

Re:20 years to give away virtually all my wealth by frereubu on Thursday May 08, 2025 @07:10PM (#43932264)
The way they talked about it, the total per head was north of $5k, and they lived in an incredibly poor / cheap country. I wasn't fact-checking their figures, but they weren't the kind of person to exaggerate for effect.