The Bill & Melinda Gates Foundation gave out far less money in 2010 than anticipated because staff members were given the option of distributing some of their grant dollars in later years, according to the fund’s chief executive, Jeffrey Raikes.The world’s largest philanthropy donated $2.6-billion last year, compared with $3-billion in 2009, because program officers decided to hold off on distributing about $500-million in grants. That money is now available for 2011.
Read the rest of the Chronicle of Philanthropy article
.
No comments:
Post a Comment
We don't get many comments on this blog ... so the fact you are doing so is appreciated! Please subscribe to our blog if you like our vibe! You can also follow the BDPA Foundation on Facebook or Twitter.