Bonum Certa Men Certa

Role of the Gates Foundation Comes Under Pressure Due to Shareholder Conflicts

Businessman holding a crystal globe



Summary: Large foundations and the Gates Foundation in particular meet scrutiny as their grip on the world is better realised by today's press and the impact is explained

THE Gates Foundation continues its endeavours alongside similar rich people's foundations, whose function is to improve someone's image and sometimes make a profit at the same time. According to this new press release, there is passing of money from Gates to Rockefeller (they already collaborate on some projects in Africa) as though Rockefeller doesn't have enough funds. This has proven to be baffling to many:



Not that helping “emerging donors” develop strategies for “effective giving” is an unworthy goal — indeed, it is likely the most efficient way to impart best practices in lean administrative costs and minimal philanthropic waste. At a time of severe economic anxiety, however, one does wonder precisely why $3.5 million is the magic figure here. Could the same objective be met with $2.5 million? Or $1.5 million? What, exactly, is this money paying for?


Unfortunately for the Gates Foundation, more and more writers realise what it's up to. Here is what someone wrote in India last month, insinuating that Gates' investments had strings attached to them. It's a code for control and we will show some more examples of this later today.

Last week, an article on Bill and Melinda Gates Foundation becoming one of the biggest donors for the World Health Organisation (WHO) had many exclaiming how wonderful a man Gates is to give away so much money. Indeed, Gates must be the biggest philanthropist of all times. Yet, there in unease in the health sector across the world about one person or his foundation setting the global agenda on health.

[...]

The Global Health Watch Report-2 (GHW2) published in October 2008 points out that the Gates Foundation is governed by the Gates family with no board of trustees; nor any formal parliamentary or legislative scrutiny. "There is no answerability to the governments of low-income countries, nor to the WHO. Little more than the court of public opinion exists to hold it accountable," says the report.This lack of accountability and transparency is cited as a major problem by health experts.

The ties between the Gates Foundation and pharmaceutical industry has also come under scrutiny as Gates funded organisation like the Global Alliance for Vaccines and Immunisation (GAVI) has many pharmaceutical companies, especially those from the vaccine industry, as its members. GAVI has pushed many expensive vaccines into national immunization programmes in developing countries. This according to GHW2 has led "health activists to question if the Foundation is converting global health problems into business opportunities" for the pharma industry.

The Gates' Foundation's position on intellectual property (IP) rights is also a cause for concern. After all, Microsoft, along with other corporations, is pushing to strengthen IP rights and patent laws even further. Stronger IP rights will affect developing countries' right to allow generic companies to manufacture essential medicines at affordable prices. Patents and monopolies only make medicines more expensive and inaccessible to majority of the people.

[...]

The emergence of cash rich players including World Bank, the Gates Foundation and GAVI, along with the shift to the public-private partnership mode in health, has left the WHO often following an agenda, rather than setting it.


It is a good article overall, as it makes clearer some of the fundamental dangers with this phenomenon in general (but also this one foundation specifically).

Indians have already realised that Gates has GMO-oriented investments, which then lead him to promoting GMO in India. The problem with it is dependence in particular. India should not have to buy its seeds from abroad or pay a tax to companies like Monsanto each time some food is required. That's pretty much what Gates has been advancing though. And now we learn that Gates awards $1.6M for dwarf wheat research and there is greater control of agricultural science using funds as a stick/carrot approach:

Scientists on cutting edge



[...]

The event was hosted by the Bill and Melinda Gates Foundation.


Here come the Rockefellers again, the context being agriculture. From The Independent:

"There is some vital work being done by the Gates Foundation, by the Rockefellers, the State Department," he says candidly. "But I see a disconnect ? they all talk about yield as if farmers in Africa have a choice: to sow particular types of seed, to get to market. But these are the poorest, most disenfranchised farmers in the world. They often have a small plot of dust and that's it.


This is an area that we explored before. Basically, the Gates Foundation and Rockefeller Foundation both advance GMO in Africa. Like in India, the local population is often resentful about it, at least those who understand the ramifications. Many people simply distrust Gates, even though his foundation claims to be charitable and well-meaning, especially when it comes to science. Gates has no academic science background and he tends to be guided/exploited by people with agenda.

"But since I worked on the IBM PC BASIC and the Model 100, I haven’t had a chance to actually create a program myself."

--Bill Gates



Speaking of agenda, as the health chief the Gates Foundation appointed a bullying manager from the pharmaceutical cartel. His surname is Yamada and he issued threats against those who stood in his way. Sadly, at least two publications were giving him a platform to promote his agenda last month [1, 2]. As we demonstrated many times before, the pharmaceutical cartel seems to be using the Gates Foundation as a host from which to promote its products. In turn, the Gates Foundation invests money in the pharmaceutical cartel.

The Atlantic raises the issue of foundations being investors (which are also exempted from tax):

What Happens When Charities Become Major Shareholders?



[...]

Large foundations generally have significant investment portfolios. Often, they're most interested in bonds and high-dividend stocks, so that they can use the income they generate for their contributions to the poor. Of course, the opportunity cost of holding onto all that wealth is having less of your assets to distribute to the needy more immediately. But there's certainly something to be said for the stability perpetual income provides.

[...]

This is a difficult internal conflict that is likely becoming increasingly common, as the non-profit industry grows and the rich more commonly provide stock gifts to charities. Indeed, Buffett alone has promised to eventually give 85% of his Berkshire Hathaway holdings to charities. The easiest solution to avoid the conflict might be to sell all stock and rely on fixed income only, but that isn't necessarily in the firm's best interest either, as stocks often outperform debt. So they will inevitably remain shareholders. In that role, how should non-profits behave?


Here is another new article which is borderline criticism (a rarity from philanthropy.com):

Perhaps the most troubling issues posed by the Gates-Buffett crusade is its potential to intensify the inequities that exist both in the nonprofit world and in the rest of society.

Foundations, corporations, and other forms of institutional philanthropy tend to favor the nation’s most-privileged citizens and neglect the neediest people and organizations. An outsize share of the money from those institutions goes to established colleges, hospitals, and arts and cultural organizations. Only a small amount finds its way to organizations that serve vulnerable children, low-income people, minorities, women, the disabled, and other disadvantaged constituencies. A tiny portion of philanthropic money is channeled to groups that seek to influence public policies.

Very wealthy individuals have an even more unbalanced record when it comes to philanthropy.

[...]

The infusion of additional great sums of money by very wealthy individuals is likely to increase societal inequities, the gap between large and small nonprofit organizations, and the disparity between privileged and disadvantaged citizens.


In reality, such foundations tend to take away function from governments that are elected by the people for the people. This means that few rich families can become agenda setters. Those who value their democracy need to resist it.

Recent Techrights' Posts

GNU/Linux Growing Worldwide (the Story So Far!)
Microsoft is unable to stop GNU/Linux
Red Hat Loves Microsoft Monopoly (and Proprietary Surveillance With Back Doors)
full posting history in RedHat.com
Microsoft-Connected Sites Trying to Shift Attention Away From Microsoft's Megabreach Only Days Before Important If Not Unprecedented Grilling by the US Government?
Why does the mainstream media not entertain the possibility a lot of these talking points are directed out of Redmond?
Windows Has Fallen Below 5% in Iraq, GNU/Linux Surged Beyond 7% Based on statCounter's Stats
Must be something going on!
Read "Google Is Not What It Seems" by Julian Assange
In this extract from his new book When Google Met Wikileaks, WikiLeaks' publisher Julian Assange describes the special relationship between Google, Hillary Clinton and the State Department -- and what that means for the future of the internet
Julian Assange: Factual Timeline From an Online Friend
a friend's account
Breaking News: Assange Wins Right to Challenge Extradition to the US
This is great news, but maybe the full legal text will reveal some caveat
 
Microsoft Windows Used to Have Nearly 100% in China and Now Google Has 50% (With Android)
Will China bring about a faster "fall" for Microsoft?
Pursuing a Case With No Prospects (Because It's "Funny")
the perpetrators are taking a firm that's considered notorious
GNU/Linux in Honduras: From 0.28% to 6%
Honduras remains somewhat of a hotspot
Good News From Manchester and London, Plus High Productivity in Techrights
what has happened and what's coming
[Video] The 'Linux' Foundation Cannot be Repaired Anymore (It Sold Out)
We might need to accept that the Linux Foundation lost its way
Links 21/05/2024: Tesla Layoffs and Further Free Speech Perils Online
Links for the day
Gemini Links 21/05/2024: New Gemini Reader and Gemini Games
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, May 20, 2024
IRC logs for Monday, May 20, 2024
[Video] Just Let Julian Assange Go Back to Australia
Assange needs to be freed
The WWW declares the end of Google
Reprinted with permission from Cyber|Show
Gemini Links 20/05/2024: CMSs and Lua "Post to midnight.pub" Script Alternative
Links for the day
Brodie Robertson - Never Criticise The Linux Foundation Expenses (With Transcript)
Transcript included
Links 20/05/2024: Protests and Aggression by Beijing
Links for the day
Can an election campaign succeed without social media accounts?
Reprinted with permission from Daniel Pocock
Fact check: relation to Julian Assange, founded Wikileaks at University of Melbourne and Arjen Kamphuis
Reprinted with permission from Daniel Pocock
Gambia: Windows Down to 5% Overall, 50% on Desktops/Laptops
Windows was measured at 94% in 2015
Links 20/05/2024: Microsoft Layoffs and Shutdowns, RTO as Silent Layoffs
Links for the day
The Issue With Junk Traffic in Geminispace (Gemini Protocol)
Some people have openly complained that their capsule was getting hammered by bot
Peter Eckersley, Laura Smyth & the rushed closure of dial-up Internet in Australian universities
Reprinted with permission from Daniel Pocock
Brittany Day, Plagiarist in Chief (Chatbot Slinger)
3 articles in the front page of LXer.com right now are chatbot spew
Guardian Digital, Inc (linuxsecurity.com) Has Resorted to Plagiarism by Chatbots, Flooding the World Wide Web With Fake 'Articles' Wrongly Attributed to Brittany Day
busted
[Meme] Bullying the Victims
IBM: crybully of the year 2024
Ian.Community Should be Safer From Trademark Censorship
We wish to discuss this matter very quickly
Microsoft and Its Vicious Attack Dogs (Attacking Women or Wives in Particular)
Sad, pathetic, destructive people
Upcoming Series About the Campaign to 'Disappear' the Father of GNU/Linux
Today we have Julian Assange's fate to focus on
A Month From Now Gemini Protocol Turns 5
June 20
Colombia: From Less Than 0.5% to Nearly 4% for GNU/Linux
it's not limited to this one country
Rumour: Well Overdue Red Hat Layoffs to be Announced in About 3 Days
we know they've planned the layoffs for a while
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Sunday, May 19, 2024
IRC logs for Sunday, May 19, 2024
Gemini Links 20/05/2024: Updated Noto Fontpacks and gemfeed2atom
Links for the day
GNU/Linux in Georgia: Looking Good
Windows down from 99% to less than 33%
Tomorrow is a Historic Day for Press Freedom in the UK
Take note of the Julian Assange case
Hiding in a Forest Without a Phone and Hiding Behind the First Amendment in the United States (US)
some serial defamer is trying to invert the narrative
Links 19/05/2024: Iran's President Lost in Helicopter Crash, WikiLeaks’ Julian Assange Awaits Decisions in Less Than a Day
Links for the day
Links 19/05/2024: Microsoft Investigated in Europe
Links for the day
4 Old Articles About Microsoft/IBM SystemD
old but still relevant
Firefox Has Fallen to 2% in New Zealand
At around 2%, at least in the US (2% or below this threshold), there's no longer an obligation to test sites for any Gecko-based browser
Winning Streak
Free software prevalence
Links 19/05/2024: Conflicts, The Press, and Spotify Lawsuit
Links for the day
GNU/Linux+ChromeOS at Over 7% in New Zealand
It's also the home of several prominent GNU/Linux advocates
libera.chat (Libera Chat) Turns 3 Today
Freenode in the meantime continues to disintegrate
[Teaser] Freenode NDA Expires in a Few Weeks (What Really Happened 3 Years Ago)
get ready
GNU/Linux is Already Mainstream, But Microsoft is Still Trying to Sabotage That With Illegal Activities and Malicious Campaigns of Lies
To help GNU/Linux grow we'll need to tackle tough issues and recognise Microsoft is a vicious obstacle
Slovenia's Adoption of GNU/Linux in 2024
Whatever the factor/s may be, if these figures are true, then it's something to keep an eye on in the future
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Saturday, May 18, 2024
IRC logs for Saturday, May 18, 2024
Links 19/05/2024: Profectus Beta 1.2
Links for the day