close this bookVolume 10: No. 39
View the document1) AI resources
View the document2) Speech recognition
View the document3) Industry news
View the document4) Philanthropy
View the document5) Estate planning
View the document6) Gifts and miscellany

The Bill and Melinda Gates Foundation will give $37M to build small public high schools in California. The hope is that small schools with better-trained teachers will make better use of technology. The foundation is donating almost $16M to the Bay Area Coalition of Essential Schools, $5M to the New Technology Foundation, and $6M to the High Tech High Foundation (for 10 schools each), plus $3M to Aspire Public Schools and $7M to the National Council of La Raza. [LA Times, 16Nov00. Edupage.]

Bill Gates has been changing his philanthropy from computers for the poor to health care for the poor. He says that third-world mothers don't want to browse eBay; they want to keep their children from dying. [NY Times, 03Nov00. NewsScan.]

Almost 40% of all foundation giving comes from family foundations, of which there are at least 18,276 in the US (according to a new report from the National Center for Family Philanthropy). They give out some $7.2B per year. Often the only way to locate these charities is through tax records such as those at . The biggest endowments are the Bill and Melinda Gates Foundation ($5.4B); Annenberg Foundation ($3.3B); Goizueta Foundation ($780M); Walton Family Foundation ($548M); Vira Heinz Endowment ($501M); Jeffry and Barbara Picower Foundation ($357M); Albert and Bessie Kronkosky Charitable Foundation ($341M); Charles and Helen Schwab Family Foundation ($330M); Turner Foundation ($328M); and Milken Family Foundation ($286M). By law, at least 5% of this money must be given each year. [Grantseeker Tips, 18Nov00.]

A good proposal should describe how your project will continue after the grant runs out. Build a wide base of participants and ownership to carry the project onwards. "Sponsors like to pour money into a cup, not a funnel." [Grantseeker Tips, 22Oct00.]

----- "Because they did not see merit where they should have seen it, people, to express their regret, will go and leave a lot of money to the very people who will be the first to throw stones at the next person who has anything to say and finds a difficulty in getting a hearing." -- Samuel Butler. -----