tag:blogger.com,1999:blog-4163876234969175446.post3805861154779065726..comments2024-03-22T10:56:23.359+02:00Comments on Land and People: The gates of hellRami Zuraykhttp://www.blogger.com/profile/14644937988631864952noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4163876234969175446.post-72439148518072008952007-08-08T12:03:00.000+03:002007-08-08T12:03:00.000+03:00The article is about investments that foster probl...The article is about investments that foster problems that the foundation is supposed to be addressing. Here's another excerpt: <BR/><BR/>"For example, while children in the poorest countries like Nigeria are benefiting from a vaccination drive supported by the Foundation, they suffer serious respiratory diseases blamed on fumes and soot spewing from flares of the oil plants whose investors include the Bill & Melinda Gates Foundation."<BR/><BR/>It raises the issue of where do we invest our endowments and is our investment ethical.Rami Zuraykhttps://www.blogger.com/profile/14644937988631864952noreply@blogger.comtag:blogger.com,1999:blog-4163876234969175446.post-11090809763302382722007-08-07T09:54:00.000+03:002007-08-07T09:54:00.000+03:00Rami: I can't read the LA Times article, so I'll j...Rami: I can't read the LA Times article, so I'll just go off on the article you posted. I don't understand the problem with financial gains if they are reinvested into the Foundation, since that's the purpose of having an endowment anyway, no? And given the importance of managing a foundation's financial assets, often top-notch Wall Street investment officers (paid even higher salaries than the foundation presidents) are recruited for the job. Yet still, there are some heavy regulations on the U.S. philanthropic sector, and which cover the minimum % that needs to spent from a foundation's endowment into its programs vs. its administrative costs, as well as some relatively tight regulations under the relevant section of the tax code (which I think is a particular section akin to 501(c)3).Anonymousnoreply@blogger.com