Gates-to-Gates giving drops

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Joe Copeland

Joe Copeland Feb 6, 2018

Feb 6, 2018

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                <h1>Gates-to-Gates giving drops</h1>
                <h2><p>Bill Gates has reduced his donations to his favorite charity, but his foundation's philanthropic gates are far from closed. In fact, the cutback in his personal donations apparently reflects the Bill & Melinda Gates Foundation's growth, which has challenged its ability to give away money at</p></h2>
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               <p>By <a href="/author/joe-copeland-crosscut-com/">Joe Copeland</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>Bill Gates has reduced his donations to his favorite charity, but his foundation's philanthropic gates are far from closed. In fact, the cutback in his personal donations apparently reflects the Bill &amp; Melinda Gates Foundation's growth, which has challenged its ability to give away money at the pace required by law, <a href="http://dealbook.nytimes.com/2014/05/26/as-his-foundation-has-grown-gates-has-slowed-his-donations/?ref=dev.cascadepbs.org">according to The New York Times</a>. To maintain its tax-exempt status, the foundation, now worth $40.2 billion, must spend 5 percent of its assets on grants and expenses annually.Another factor has been the size of Warren Buffet's donations to the Foundation. Buffet has given $13 billion since 2006. and his gifts require that the full dollar amount be spent each year. A looming issue: When Buffet dies, the remainder of the stock he pledged, now worth $42.1 billion, will likely flood into the foundation at a faster rate, accelerating its required annual spending. Talk about money problems. — E.W.</p>
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Bill Gates has reduced his donations to his favorite charity, but his foundation's philanthropic gates are far from closed. In fact, the cutback in his personal donations apparently reflects the Bill & Melinda Gates Foundation's growth, which has challenged its ability to give away money at the pace required by law, according to The New York Times. To maintain its tax-exempt status, the foundation, now worth $40.2 billion, must spend 5 percent of its assets on grants and expenses annually.Another factor has been the size of Warren Buffet's donations to the Foundation. Buffet has given $13 billion since 2006. and his gifts require that the full dollar amount be spent each year. A looming issue: When Buffet dies, the remainder of the stock he pledged, now worth $42.1 billion, will likely flood into the foundation at a faster rate, accelerating its required annual spending. Talk about money problems. — E.W.

By Joe Copeland

Joe Copeland is the former senior editor&nbsp;for Crosscut, where he has been an editor since 2010. Before that, he was an editorial writer and columnist for the Seattle P-I and editorial page edi