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Bill Gates Leveraged Philanthropy: Corporate Profit versus Humanity

Improving Corporate Profits

Story at-a-glance -

  • The Gates Foundation has donated $26 billion since its inception in 1994 to help developing countries and the UN to fund world health goals. However, through his “leveraged philanthropy” model of public-private partnerships, Gates may be doing far more to protect corporate profits—including his own—than improving world health
  • Some of the chosen projects and alliances clash with the Foundation’s underlying goals, such as its partnership with the biotech giant Monsanto. Besides questionable partnerships, the foundation and Gates himself also have personal investments in some of the projects they fund
  • Over the past decade, the Gates Foundation has spent $1 billion on training programs for journalists and research on effective crafting of media messages. It also pays magazines and scientific journals to publish research and articles
  • Buried in the House Agriculture Committee's draft of the 2012 Farm Bill are several riders that will grant Monsanto carte blanche to grow genetically engineered crops. The provisions would force the rushed commercialization of GE crops, create a backdoor approval for Dow's "Agent Orange" corn and eliminate any meaningful review of the impacts of these novel crops. One of the riders would also establish an acceptable level of contamination of genetically engineered material in non-GE crops

By Dr. Mercola

A recent commentary in Education Week takes a fresh look at the Gates Foundation's philanthropy. The money it spends on all kinds of projects around the world is no small chunk of change--$26 billion since its inception in 1994 has been donated to help developing countries and the United Nations fund world health goals.

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