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by thraneh 1999 days ago
Has any other philanthropists in history appeared to care about the world (or part of the world) in a more profound way than Bill and Melinda Gates?

The question I have, though, is how about continuation? I can't find anything on their website about a (hopefully distant) future without Bill and Melinda. Are the covenants such that the organisation can continue and still have the same impact?

And the reason I care is that I always have doubts about the long-term effectiveness of charity contributions. It appears to me that their foundation has a more fundamental long-term impact than other charities. If I had some guarantees about the continuation, I'd be very interested in leaving my worldly possessions to this foundation, when my own time is up.

For reference: I'm in my 50s, have no children, and the thought about donating through my will is getting back to me more and more often.

6 comments

I'm not convinced if Gates actually cares about the world. I find his transformation from one of the disliked CEOs of most despised companies into some sort of high tech messiah hard to believe. The phrase "Embrace, Extend, Extinguish" was coined in Microsoft when he was the CEO. Google bombing was invented to redirect to Microsoft homepage when searching "more evil than satan himself". Those are facts that confirm the sentiment I remember.

In my opinion, his philanthropy work is just another playground. Power is addictive and now he has way to exercise power over world outside the tech industry. Quick Google search shows he spent 45B$ on his foundation... and another search shows his net worth is still 119B$. This is still more money that I can imagine, even if he spent 99.9% of it he would still be richer than I can ever hope for. And honestly, his personal brand is so strong that even after zeroing on his account balance he could become multimillionaire in no time.

Maybe I'm overly cynical. Maybe my memory fails me and I'm mistaken about how bad reputation he and his company had back in the day. But it's hard for me to buy this 180 degree turn from ruthless CEO into great philanthropist. Now, I'm not saying his antichrist and he planned the pandemic 20 years ahead; I just would appreciate some healthy skepticism.

Just because you enjoy crushing business rivals doesn't mean you also want kids to die young. I think Gates simply enjoys the challenge and the technical side of things.
I'm not saying he wants kids to die young, please don't strawman me. I think Gates career as CEO points into direction he enjoys acquiring and wielding power. He stepped down from being CEO in 2008, this was long after Windows won. It's also possible that he enjoys both technical side of challenges and being powerful at the same time.
I assume you mean by dollar amount of personal fortune they’ve contributed because I can certainly think of quite a few philanthropists who have sacrificed more by percentage of wealth, time, or given their lives to support worthy causes.

This is by no means a dig at the Gates whom I admire greatly.

It’s hard to say if a foundation such as theirs can survive their loss. As much as they might clearly define the mission future leaders could still deviate from the founding principles like we’ve seen with many charitable organizations. There are no guarantees.

It's nearly impossible for a foundation like Gates to survive a loss of visionary leadership.

If it were handed to me with no checks-and-balances, and I were given absolute control, I'm pretty sure I could run Gates Foundation as well as Gates. That's not a statement about me; I know a few people who could run it BETTER than myself or Gates. The problem is finding them and the no checks-and-balances bit.

Beyond a founder/donor, no checks-and-balances is a really bad way to run an organization because although MANY people would do a great job, MOST people wouldn't. A good dictatorship beats a good democracy, but a typical democracy beats a typical dictatorship.

The sorts of arbitrary decisions "Let's dump a billion dollars into making a vaccine for COVID19 economical" become impossible once the founder of a foundation goes away, unless you are willing to accept that whomever comes into control might just as well say "Let's dump a billion dollars into buying paintings of myself at 10x markup." You move into competitive processes.

Competitive processes mean people apply for grants under standard criteria.

If grants have a strongly positive ROI, you have more people applying to the program, and if a negative ROI, fewer people. This means grant-funded organizations will spend a significant portion of their time applying for grants; grants become thin-margin beasts.

And the people who do run late foundations? They're connected people good at climbing corporate ladders.

Have you heard of effective altruism [1]? You might find it relevant about doing more good efficiently with your money

[1] https://www.effectivealtruism.org/

IIRC the Foundation is supposed to close up shop 20 years after both of them die. I guess Bill is aware of the potential for abuse. They do not accept donations anyway. Between Gates and Buffet, they have all the resources they need.
IMHO caring is giving what people want, not trying to do what you declare good for them.
Like, an end to malaria and food insecurity?
As long as "helped" people are objectively informed of any dependence and known side-effect thanks to some public debate, then accept the deal, and any individual remains free to refuse it for himself.
In an adjacent thread [1], you have presented the increasing diabetes and obesity in young people as a problem. According to your argument here, however, it would be 'caring' to assist the poor lifestyle choices that have caused this problem, so long as they are informed of the consequences. It is well-established, however, that this information has little effect, and your concept concept of caring looks to me more like facilitation.

[1] https://news.ycombinator.com/item?id=25516165

People are entitled to their choices when it comes to themselves, and most problems arise when someone try to impose his views.

To care is to facilitate what is wanted by the beneficiary, honestly presented to him, and not threatening for anyone else.

Some over-consume refined sugar (=> obesity...), for example, because they are unhappy and compensate (some may even be committing a slow suicide), some just prefer an immediate pleasure (even knowing that they will suffer), and some are just dumb. "Such information has little effect" on them, indeed, however imposing anything on them "in order to save them" seems the worse approach to me, and IMHO some will eventually react to it dangerously for all parties.

Solving the underlying unhappyness of those who compensate, finding some substitute or a way to enlighten the dumb ones, seems more efficient to me. It is, however, more difficult than not interacting with them while claiming to "care" by selecting an approach then throwing money at projects aiming at imposing it.

A fair part of human misery is caused by people imposing stuff to others, I fail to see how it can be a way to "care".

> most problems arise when someone try to impose his views.

I think it would be very hard to make this argument in the specific cases that you chose for making your point with here (diabetes and obesity.)

Sounds like an excuse to not tackle universally despised problems like disease.
This is also about the ways to do it, and their potential effects. In order to "control" malaria (see "youeseh" answer here) some dispersed tons of DDT. I, for one, sure prefer to tackle mosquitoes than to see "good samaritans" put such products everywhere near me, without my consent (even if they do so while chanting "this is for your own good".)
Gates has managed to increase his wealth more by "Philanthropy" than the pre Microsoft breakup days.

The business he was running was so cut throat that the government had to step in.