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Gates Foundation’s $120 million fuels PATH’s lifesaving work | Editorial

“Bill and Melinda Gates continue to raise the bar for generosity with investments in health programs saving millions of lives” writes The Seattle Times for seattletimes.com. To produce lasting change, the Gates family is transforming health care delivery systems in developing countries and supporting government-aid programs.Just a 10 percent reduction in funding for AIDS treatment and prevention could lead to 5 million additional deaths by 2030, Gates said.As it works through a rough patch in September, Seattle can look to ongoing progress of its global-health ventures. Source: seattletimes.com Share This:

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Markets News Stocks 

Bruising stock-market selloff may have cracked the rally’s foundations

“For S&P 500 stocks, 44.69% of components are above their 50-day moving average, down from a July 19 peak of 74%” writes Markets Reporter for marketwatch.com. For Nasdaq stocks, both the share of stocks trading above their 50-day and the 200-day averages represent the lowest since October. Source: marketwatch.com Share This:

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Charitable Giving Is Only a Small Part of What Foundations Do With Their Money

“Few foundations have gone further in this direction than the F.B. Heron Foundation, which aims to alleviate poverty and is based in New York” writes Matt Thompson for theatlantic.com. U.S. law requires most foundations to pay out at least five percent of their net assets to charitable causes every year.Or $36 billion is a lot of money.” We say, “Actually, you know, it’s not very much money.” So that is a very tough one.And I think that because I raised money from foundations for so many years. Source: theatlantic.com Share This:

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Sam Polk: I left finance because I wanted to make a difference. Non-profit work never did the trick

“I founded a nonprofit, Groceryships, to tackle the lack of healthy food in our inner cities” writes Sam Polk for latimes.com. But most foundations won’t grant money to nonprofits until they’ve existed for several years, because the failure rate is so high.Approaching one important source for nonprofit funding — foundations — is bizarrely onerous and inefficient.The demand for nonprofit efficiency becomes even more challenging when you take into consideration the perils of volunteerism. Source: latimes.com Share This:

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