Gates Foundation To Spend All Its Assets

El Lobo writes "The Bill & Melinda Gates Foundation has said it will spend all its assets within 50 years of both of them dying. The foundation focuses on improving health and economic development globally, and improving education and increasing access to technology. It also focuses on fighting diseases such as HIV/AIDS, tuberculosis, and malaria. The Seattle-based foundation plans to increase spending to about $3.5 billion a year beginning in 2009 and continuing through the next decade, up from about $1.75 billion this year." The Wall Street Journal (excerpted at the link above) called the foundation's decision "a decisive move in a continuing debate in philanthropy about whether such groups should live on forever."

Bill Gates Assassinated By African Assassin

[b0s0z0ku]

Suspect says: we want our money now! (Dateline Redmond, WA January 2007)

-b.

Mwaha

[teknokracy]

So wait.... we have to kill Bill and Melinda to speed up the process??

Great

[Anonymous Coward]

Let's have some more illegal monopolies then! It's good for the world!

Re:The funds may live forever

[Anonymous Coward]

"How many endowed research programs will this money go to?"

Prick up your ears, boy, start by searching for "well endowed" on AltaVista or Google! You'll come to huge surprises!

Damn

[alexjohnc3]

I was hoping Bill Gates would spend a lot of his money in research for increasing longevity. I guess he's planning on dying at an average age then...

Re:Redistributing the wealth

[Profane MuthaFucka]

I've got another account. Maybe he would rather buy a computer from that guy?