alt Hacker NewsMissed opportunity to call this a "Phil-Anthropic" partnership. The word doesn't appear once in TFA. Highly disappointed.
Seeing some of the comments here speculating about ulterior motives, I'd like to say there are probably none other than the usual (goodwill, publicity, taxes, etc.) A little known aspect of the Gates Foundation finances, their problem really isn't getting more money. Their biggest problem is spending their money faster than it grows.
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It would need to be Bill-anthropic which somehow sounds much like it
Not only that, but to legally be a charity, you have to spend at least 5% of your assets every year. So not only do they have to stay ahead of their own growth, they have to spend down 5% of quite a lot!
Agreed, I imagine it's been a lot harder for bill to offload all that excess money ever since jeff epstein died.
Who's phil?
> Their biggest problem is spending their money faster than it grows.
Yep this is an interesting thing that most of us don't tend to think about when it comes to philanthropy (or even gov spending) ... it's really really hard to _spend_ money effectively.
Because there's all the work around accountability, checking for fraudulent applications, checking if your money made an impact, deciding where to even focus, all those things.