Friday, July 07, 2006

Buffett and the Gates Foundation invests in our future

Given my community focus, it is hard to not think about all of the possibilities with the recent news surrounding the Bill and Melinda Gates Foundation. Not only will Bill Gates be focusing the majority of his attention on the foundation in 2008, but now Warren Buffett is donating the majority of his wealth to the foundation. Kudos to the Gates' and Mr. Buffett for immensely inspirational work.

Of course, with my great hope for the future work of the Gates Foundation, it also raises many questions as to the changing face of philanthropy in general. Will there be consolidations between foundations? Will others divert their energies to other causes? Will this be a dis-incentive to non-billionaires or millionaires? Or could it inspire more to give?

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