Melinda Gates Resigns from Bill and Melinda Gates Foundation
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Melinda Gates Resigns from Bill and Melinda Gates Foundation
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Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#2People get divorced for many reasons but generally they don't want to be around each other any more and being co-chairs of a big foundation would make that pretty impossible. Business (or charitable) partnerships are like marriages in a lot of ways.
Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#3I would imagine it's difficult to stay deeply involved in something like that with one's ex. People get divorced for many reasons but generally they don't want to be around each other any more and being co-chairs of a big foundation would make that pretty impossible. Business (or charitable) partnerships are like marriages in a lot of ways.
If true, that in itself has done a lot of good for the world.
Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#4> The organization’s name will change to the Gates Foundation, with Bill Gates, her ex-husband and Microsoft founder, becoming the sole chair.
Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#5Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#6Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#7[flagged]
19,364 grants serving "America", of ~40,000 grants.
Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#8[flagged]
This is a common but bad take.
Firstly, there are a lot of taxes still involved. The Gates foundation still pays salary tax and sales tax and property tax and etc.
More importantly, had the funding remained parked in a savings account or stock portfolio without being realized, it would have been completely dead to the economy and untaxed. So there's probably a net positive to taxpayers to give people ways to unload their assets.
> we haven’t gotten anything particularly valuable out of the gates foundation
There could be an argument that the 501(c) tax code is too generous, but I don't think people are probably thinking through the implications of "qualifying" non-profits. If you made every non-profit prove that they were creating value, and also make them subject to taxation on all contributions, you would be effectively wiping out things like open-source software projects or Wikipedia, let alone your normal NGOs and community charities.
Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#9[flagged]
Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation
#10I was wondering and found this in the article: > The organization’s name will change to the Gates Foundation, with Bill Gates, her ex-husband and Microsoft founder, becoming the sole chair.