Gates Foundation investments slammed again
The LA Times again points out the internal contradictions in the programs the Gates Foundation funds and the investments that fuel the donation. Once more, they are being dinged for letting their money exist in two mutually inconsistent worlds; one pocket purely focused on highest return alone and the other, smaller pocket, trying to save the world. This time it’s Darfur and the ties of Warren Buffet, whose Berkshire Hathaway, which has turned over its charity arm to Gates has the conflict. “Some of Berkshire’s wealth comes from PetroChina, whose parent company supplies a large part of the money that underwrites Sudan’s military — as well as the janjaweed, according to the United States and the United Nations,” the Times writes.
Two pocket thinking is just not sufficient anymore.

entities
entities

May 4th, 2007 um 8:36 am
Lot’s of great Jed Emerson quotes in this major article. Interesting that philthropy meets investment may be finally be finding and providing the lever on this zeitgeist shift. This has changed the conversation this year. Literally.
May 8th, 2007 um 8:45 am
The proverbial tipping point in investment aligned with social outcome thinking may have occurred. I see tiny signs of it in the mainstream. Stever Viederman spoke on two panels at a mainstream foundation investment conference last year. I see that a family office investment forum this year has a session on social investing. And I’m finding more individuals within the investment community who have a personal interest. The uninformed investor audience is still huge and difficult to reach. But there is incremental progress every day.