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From: Philanthropy Today
Subject: How to Ramp Up Your Planned Giving Program
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Bill Gates has given $1.2 billion worth of stock to his former wife, Melinda French Gates, bringing her fortune to an estimated $30.2 billion. It’s not clear if the transfer was part of the $12.5 billion French Gates was to receive upon stepping down from what was then the Bill & Melinda Gates Foundation and is now the Gates Foundation. French Gates has “committed to donate $1 billion over three years to support women’s and girls’ rights.” (Forbes)
Background from the Chronicle: Who Needs a Foundation? For Melinda French Gates, a $250 Million Contest Keeps Her Philanthropy Lean
A philanthropy-funded experiment in Tulsa, Okla., is luring in remote workers in an effort to stop the city’s brain drain. For the past five years, about 3,300 people have taken up an offer of $10,000 from the George Kaiser Family Foundation to move to Tulsa for at least a year. Researchers have found that the remote workers “saved an average of $25,000 more on annual housing costs” than a control group and brought in nearly $15 million in annual income tax revenue and $5.8 million in sales taxes. One researcher said, “Every heartland mayor should pay attention to this [program],” which the foundation said it would continue to fund “so long as it demonstrates to be a community-enhancing opportunity.” (New York Times)
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MacKenzie Scott’s Philanthropy
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