Why An Offer from Bill Gates Should Send You Running in the Other Direction
Posted by Anthony Cody at his blog:
Guest post by Chemtchr. Part One of Two.
Philanthropy wonk Lucy Bernholz defines the buzzword leverage as "the idea that you can use a little money to access a lot of money."
It's hard to think of the Gates Foundation's $26 billion leverage effort as "a little money", especially since it's been spread over the globe to gain access to vastly more resources than it contributes, including U.S. tax dollars, the foreign exchange of emerging African nations, and United Nations funds for international development and world health.
Gates' leveraged philanthropy model is a public-private partnership to improve the world, partly