Carnegie, Ford and Rockefeller all have them: foundations. These are the big names that have been around for decades, but they’ve got nothing on the Bill & Melinda Gates Foundation, the largest philanthropic foundation in the world. Current statistics from their site show that they have an asset trust endowment of $35.2 billion and gave out $3 billion in grants just in 2009 alone. That’s a lot of money and power to be driven by “the interests and passions of the Gates family”, with seemingly no one to answer to.
The Gates Foundation has combined efforts or worked through the other large foundations. They have donated $20 million to the Carnegie Mellon School of Computer Science, $210 million for scholarships to Cambridge and have invested $100 million in the Rockefeller Foundation’s “Green Revolution” initiatives for Africa.
They have many agenda driven and controversial pursuits, including an attempt to control the discredited effects of global warming through geoengineering, lessening hurricanes with water cooling, huge efforts in worldwide vaccinations, almost an obsession with population control and working with microloans with the Grameen Fund.
Because so many of their efforts reflect a very progressive and “global” agenda, combined with the size of the foundation itself, it begs our attention. They would not be the first large foundation to use their resources to effect political change, as many of the large foundations have attempted to do for decades. Combined with the progressive efforts of our current administration as well as many of our universities and unions, their activities could have world changing consequences, whether it be for the better or the worse.
Certainly, they have every right to decide where their vast fortune goes and no one would fault them for trying to do good works. But are “good works” their sole purpose? What effect could “the interests and passions of the Gates family” have on all of us? In Part Two, we’ll take a look at Gates’ recent plan to cure what ails us: global warming.