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Old 28-06-2005, 11:17   #3
Paul K
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Join Date: Jun 2003
Location: Essex innit
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Re: Gates £240M support to British scientists.

Quote:
Originally Posted by Bifta
Paul, you forgot the inevitable "tax writeoff" comments. But you're right, he didn't have to donate it and he didn't have to donate it to a worthy cause.
Dammit, knew I missed one lol For anyone that is interested here's a quick clue as to how much they donate each year
Wiki Reference
Quote:
The Bill & Melinda Gates Foundation is the world's largest charitable foundation, endowed by Bill Gates, chairman and founder of Microsoft, and his wife, Melinda Gates. It was created in January 2000 through the merger of the Gates Learning Foundation and the William H. Gates Foundation. The foundation is based in Seattle, Washington and is led by William H. Gates, Sr. (Bill Gates' father) and Patty Stonesifer.
The foundation has an endowment of approximately US$28.8 billion. To maintain its status as a charitable foundation, it must donate at least 5 percent of its assets each year. This amounts to over $1 billion.
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