Microsoft its not doing so well right now, any thing weird about Buffet giving all that money to Gates?

Question

Its there a connection to Microsoft doing really bad right now and Warren Buffet giving Bill Gates all that $? I know it is for charity but when was the last time you gave money to a charity and felt like it would get to the people it was sponsoring. I hope they are doing the right thing, I just want to know what you think.

How do you know it all went to his foundation, because he told you it did. Is there a way to find out 100%

Answer 1

The money wasn't given to Gates. It was given to the BIll and Melinda Gates Foundation, which is a charitable organization. Charitable organizations have very strict rules they need to follow.

Gates owns 977,924,402 shares of MSFT. Even if they dropped to $1/share, he's still wouldn't be hurting for cash.

Where is Gates giving his money?
$1 billion over 20 years to establish the Gates Millennium Scholarship Program, which will support promising minority students through college and some kinds of graduate school.
$750 million over five years to the Global Alliance for Vaccines and Immunization, which includes the World Health Organization, the Rockefeller Foundation, Unicef, pharmaceutical companies and the World Bank.
$350 million over three years to teachers, administrators, school districts and schools to improve America’s K-12 education, starting in Washington State.
$200 million to the Gates Library Program, which is wiring public libraries in America’s poorest communities in an effort to close the “digital divide.”
$100 million to the Gates Children’s Vaccine Program, which will accelerate delivery of lifesaving vaccines to children in the poorest countries of the world.
$50 million to the Maternal Mortality Reduction Program, run by the Columbia University School of Public Health.
$50 million to the Malaria Vaccine Initiative, to conduct research on promising candidates for a malaria vaccine.
$50 million to an international group called the Alliance for the Prevention of Cervical Cancer.
$50 million to a fund for global polio eradication, led by the World Health Organization, Unicef, Rotary International and the U.N. Foundation.
$40 million to the International Vaccine Institute, a research program based in Seoul, South Korea.
$28 million to Unicef for the elimination of maternal and neonatal tetanus.
$25 million to the Sequella Global Tuberculosis Foundation.
$25 million to the International AIDS Vaccine Initiative, which is creating coalitions of research scientists, pharmaceutical companies and governments in developing countries to look for a safe, effective, widely accessible vaccine against AIDS.

In January, the Bill and Melinda Gates Foundation edged past Britain’s Wellcome Trust to become the largest in the world, with assets of $21.8 billion. Even the greatest philanthropists of the past did not give away as much in real dollars over their entire lifetimes as Gates has at the age of 44, and this was before Buffett signed on.

Answer 2

Buffet is a philanthropist, an idea that goes against the basic thinking of our materialist consumer society. We are taught to, metaphorically, ride roughshod over the people we compete with, to give no thought to their hopes and aspirations, to never give a sucker an even break, to go against the basic tennets of our faith and to grab it for ourselves before anyone else can get it. What is even better is we teach our children to do the same, to be greedy grasping selfish individuals with no thought about society and social good. Come be a consumer, care only for material things, forget God, forget good, forget morality, consume for the sake of consumption, become a capitalist tool!

Answer 3

There are about 750 billionaires in the world today. (Forbes Magazine) If everyone of these billionaires gives only 5% of their fortunes to charity, there would be ZERO misery/poverty. I think Buffet is a shining example to the rest of these 'fat-cats'! But he should have given at least half to Bono/Bob Geldof. (LiveAid)

Answer 4

i think they are doing the right thing!!

hopefully humainty uses this opprotunity to follow in warens footstep and give back to help out everyone!!

bill cant spend that money on himself anyways!! it went to his charity foundation

Answer 5

gates could be the Antichrist