Gates Foundation Head Interviewed

March 11, 2011 at 6:39 PM Leave a comment

The Chronicle of Philanthropy interviews Gates Foundation CEO Jeffrey Raikes, who outlines the mega-foundation’s giving plans for 2011.

The world’s largest philanthropy donated $2.6-billion last year, compared with $3-billion in 2009, because program officers decided to hold off on distributing about $500-million in grants. That money is now available for 2011…Mr. Raikes said he expected that the Seattle foundation’s grant budget would be about $3.5-billion this year.

Also interesting is information on the foundation’s support for journalism: they’ve made grants to ABC News and the UK newspaper the Guardian to support “reporting on global health and other causes that Gates supports.”

The article mentions in passing the unsurprising fact that many have criticized this practice, wondering how reporting on specific topics can remain objective when an interested party like the Gates Foundation is paying for it. Raikes poo-poos the concern but it is troubling. Philanthropy’s effectiveness can improve only through truly objective measures of each effort’s successes and failures.

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Entry filed under: Big Donors, Journalism.

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