|
2025-08-27 Fifth Column
|
|
Bill Gates makes secret move at $77 billion foundation that could have huge political implications
|
| Shying away from the DOGE investigations have revealed about USAID and Secretary Kennedy’s revelations about COVID vaccine research. The legal liability there must be terrifying for someone who hasn’t had to live on a budget since he was at Harvard. |
[Daily Mail, where America gets its news] Bill Gates has quietly stopped providing funds from his $77 billion foundation to a group that supports woke causes and Democratic candidates.
The Gates Foundation decided in late June to stop funding grants to nonprofits managed by Washington DC-based Arabella Advisors, according to an internal foundation announcement obtained by the New York Times.
Executives at the foundation, which generally supports health initiatives around the world, said it would not make any new investments with 'Arabella-related entities,' would not extend any existing grants to the for-profit consulting firm and would even try to 'pursue early exits' from a few long-term investments.
They cited a desire to engage more directly with grant recipients and cut back on the use of intermediaries as the reason for the change.
'Teams are increasingly working directly with programmatic partners - organizations that are deeply embedded in the communities we serve and [are] closely aligned with our mission,' the June 24 announcement said.
'As we look ahead, this is a chance to build deeper, more durable relationships with those partners - and to reinforce the kind of legacy we want to leave behind.'
A spokesperson for the Gates Foundation also claimed in a statement to the Times that its move to cut ties with Arabella was 'a business decision that reflects our regular strategic assessments and partnerships.'
But the change comes amid increased scrutiny of Arabella for its 'dark money' funds that support Democrats and progressive causes, as Gates' desire to protect the charity he founded and led for nearly three decades.
|
Posted by Skidmark 2025-08-27 00:41||
||
Front Page|| ||Comments
[22 views ]
Top
|
|
04:56 Grom the Affective
03:59 Grom the Affective
03:29 Grom the Affective
03:27 Grom the Affective
03:25 LTK135
02:59 Grom the Affective
00:47 Jairong+Scourge+of+the+Gepids2435
00:45 Jairong+Scourge+of+the+Gepids2435
00:44 Jairong+Scourge+of+the+Gepids2435
00:40 Grey Stones
00:17 Skidmark
|
