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Monday, June 26, 2006

The business of philanthropy

Source: Don Dodge's blog

buffettgates.jpgWarren Buffet and Bill Gates have now combined their vast fortunes to create the largest philanthropic pool of money in history. While the amount of money involved is staggering, $30 billion, the way the money will be spent is what makes it revolutionary. Gates approaches human problems like a business. He wants results - on time and on budget. By applying standard business principles to philanthropy, Gates will likely accomplish things that the U.N. and the Red Cross have never been able to crack. Buffett knows a good business model when he sees one.

Posted by mwelch at 08:16 AM

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