"Trust me, this will take time but there is order here, very faint, very human. Meander if you want to get to town."- M. Ondaatje
Monday, June 26, 2006
gate foundation
Just found out that Warren Buffett is going to donate the bulk of his personal fortune to the Gates Foundation (after Gates himself stepped down from his executive/technologist role at Microsoft to pursue his philanthropic career). This would further catapult the Gates Foundation as the largest NGO in the world. Although its role is primarily as a funding organization and not as an implementing agency, nevertheless, the size of its grant pool has considerable ramifications for the global NGO sector. The sheer doubling in the size of global aid worldwide will lead to further problems of accountability and transparency in the sector, no matter Amnesty's newly released charter on accountability. Scaleability is the next issue. Watch this space
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