Bill Gates Gives $51 Million to New York Schools

[samgrice]

wasnt gates gonna give about 90% of his fortune to charity? who the hell needs $50b!, ive lost count of how much he has, but all that money is just sitting there doing f**k all, he should be giving billlions out, not millions, he makes more than that when he takes a piss!

[FloydBishop]

Originally posted by samgrice
...he should be giving billlions out, not millions, he makes more than that when he takes a piss!

For a city that's so far in the red, it was a very welcome gesture. New York is in a pretty deep hole right now.

[Pixelmaestro]

I think his foundation gives out a Billion in annual grants a year. Total amount currently is about 6.2 Billion.

http://www.gatesfoundation.org/default.htm


Originally posted by samgrice
wasnt gates gonna give about 90% of his fortune to charity? who the hell needs $50b!, ive lost count of how much he has, but all that money is just sitting there doing f**k all, he should be giving billlions out, not millions, he makes more than that when he takes a piss!

[alphatron]

He also gives hundreds of millions of dollars to help supply Africans with much needed medicine, vaccines, and treatments.

[Peter Reynolds]

what happened?

Did he drop his wallet?

[Signal2Noise]

I think Bill does more than enough for charities/communities. Let's give credit to the guy when it's deserved.

Btw, all that's missing in the group photo is the Dungeon Master's screen to be placed in front of the group ;) Reminds me of my D&D and Chess Club yearbook photos:hmm:

[bentllama]

Originally posted by samgrice
wasnt gates gonna give about 90% of his fortune to charity? who the hell needs $50b!, ive lost count of how much he has, but all that money is just sitting there doing f**k all, he should be giving billlions out, not millions, he makes more than that when he takes a piss!

he worked hard for his money and deserves to philander as he pleases

true that a billion is better than a million, but a million is better than nothing at all

[BoydLake]

Originally posted by samgrice
wasnt gates gonna give about 90% of his fortune to charity? who the hell needs $50b!, ive lost count of how much he has, but all that money is just sitting there doing f**k all, he should be giving billlions out, not millions, he makes more than that when he takes a piss!

No amount will ever be enough for some folks :rolleyes:

[Asorson]

Originally posted by samgrice
wasnt gates gonna give about 90% of his fortune to charity? who the hell needs $50b!, ive lost count of how much he has, but all that money is just sitting there doing f**k all, he should be giving billlions out, not millions, he makes more than that when he takes a piss!

I can gaurantee you his "extra" money is not sitting somewhere in a sock drawer collecting dust. It's being invested to create more money.

I think it's funny that most people want to be rich, but when anyone actually accomplishes this feat, no matter how charitable they are (like Gates) the public is still hateful and jealous.

Does he need more money? Probably not. Your average person on the other hand does need more money. The difference is that Bill Gates has earned billions and the average Joe has not.

So, should the money be divied up based on who earned it or who needs it? The never ending conflict between socialist and capitolist philosophy. Usually which system is "best" depends on who you talk to. The poor people who have never done anything extraordinary want handouts, they find it unfair that some should have so much when they are struggling so hard. The rich people, many of whom were actually born poor, have seeen both sides of the coin. They obviously want to keep their cash because they worked hard for it, but they also remember what it was like being poor so they give millions of dollars to chairty. However this is never enough, the poor people will still resent them.

If an average person gives a bus stop bum a quarter or donates $100 to Jerrys kids they are a Saint. If Bill Gates gives $50 million to schools then people still criticism him. I think people should be gratefull that he gives anything at all. When was the last time any one of us built a school?

[samgrice]

Whooaaa!! i've never seen so many people stick up for bill gates!

well is good that he is giving money to charitys and such, i just never heard of it before. just goes to show how bad a picture is painted of him.

he'll have to do alot to justify overpricing xp by $300 though!

[Dirtystimpy]

well said erik. he gives insane amounts of donations, prob quite a few we never heard of. I'm not "sticking up" for bill gates, but anytime someone donates 51 million to help our youth/eduation, thats a pretty cool in my book.

[Signal2Noise]

And remember folks...

All of us who have ever bought a Micro$oft product has indirectly made a contribution to charity as well. Give yourselves a pat on the back! :thumbsup:

[Goon]

how much did you donate to a good cause this year? I know i didnt give jack squat, so I have no right to criticize the man except where his evil empire is involved.

[noisewar]

Now that's cool! Helping out kids AND saving on $51 million on taxes! What a swell guy! Who's knows, maybe next he'll give $51 million in charity to the destitute companies he destroyed!

[noisewar]

Originally posted by Signal to Noise
And remember folks...

All of us who have ever bought a Micro$oft product has indirectly made a contribution to charity as well. Give yourselves a pat on the back! :thumbsup:

Good point, now I'm glad we don't have choices in software. Without his strong-arming, I would never have been as philanthropic as him...

Hmm... why are there hired goons outside at this time of OH for CHRISSAKES get off my leggo the keyboards wtf 42rf3qw4rw34#$%#%^Y$%^YRETYH sdfg dsf 43 5.
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.



==-=a someone cALL THE PO

! !! !!!! ! !

[Joviex]

Originally posted by noisewar
Now that's cool! Helping out kids AND saving on $51 million on taxes! What a swell guy! Who's knows, maybe next he'll give $51 million in charity to the destitute companies he destroyed!

First of all you can't write off $51 mil. There is a set limit, and it ain't close to 51 mil.

Secondly, why are you guys bashing something that is positive? Our American society is that jaded/cynical? Jeez.

[BigErn]

so its up to a private rich dude to fund schools? why don`t the US government stop invading countries and invest in the problems they have back home. The Pentagon admitted it "lost" $3.3 TRILLION recently..... that would help out a few schools, and AIDs research.. :rolleyes: oops sorry this is CGtalk not politics..

:applause:

[PhilOsirus]

So now those schools will have to cancel switching to Linux and stick with Windows I guess;)

Oh and yeah, the US spends the most in educaiton, but is far from being first when you consider the country's richness.

[Neil]

Yeah, he is generous with charities, nice thing to see!

But yes... he does have billions.... and i heard that he's only giving his kids a small part of it when he dies. (don't know what'll happen to the rest).
I don't know if it's gonna go back into the company, or just wasted. If wasted, that's my only grip for not giving more away to charities.

But he earned it, do what you want with it :)

[Pixelmaestro]

Interesting article about violence in Oakland and the amount of money requested to stabilize Iraq.

To stay on topic Pixar is located within a few miles of some of the violence.

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/09/19/BA305825.DTL

[malducin]

Well hopefully the money has no strings attached. Anyone remember early this year or last year that M$ was giving computers with M$ loaded to schools as opposed to just handing out cash. Many schools were already hurting, being pressured by the BSA, saying donated computers had to be wiped clean because non transferability of licenses and that they needed to be audited and upgrade?

Well this sounds like it's for the actual buildings and hopefully that can be accomplished. Good for everybody.

[Asorson]

Originally posted by Pixelmaestro
Interesting article about violence in Oakland and the amount of money requested to stabilize Iraq.

To stay on topic Pixar is located within a few miles of some of the violence.

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/09/19/BA305825.DTL


There's no oil in Oakland :P

[noisewar]

Originally posted by amorano
First of all you can't write off $51 mil. There is a set limit, and it ain't close to 51 mil.

Secondly, why are you guys bashing something that is positive? Our American society is that jaded/cynical? Jeez.

Sorry pal, but I'm very jaded. If it was Mother Teresa handing out $51 mil, I'd give her a standing ovation. But when Software Hitler hands out that kinda money, I'm smart enough to realize that money does not a good man make, it's the deeds, and I think I'm rightfully suspicious of someone who has done the dirty before.

[Reyner]

But when Software Hitler hands out that kinda money, I'm smart enough to realize that money does not a good man make, it's the deeds, and I think I'm rightfully suspicious of someone who has done the dirty before
....

Why do you hate him so much?

Do you have any idea how many new jobs has been created worldwide because of the software development in all fields?
How many families has been benefited from it
Isn't it simplistic to hate a guy because he is filthy rich?

I personally think his contribution to mankind is huge.

[Ikarus]

But when Software Hitler hands out that kinda money, I'm smart enough to realize that money does not a good man make, it's the deeds, and I think I'm rightfully suspicious of someone who has done the dirty before.
I agree with Reyner, why do you hate the guy so much, along with many people? who really have no reason for hating the guy. Is it something personal against him, is it the way he looks, is it cause he's a billionare, etc.

Ask anybody who hates microsoft or Bill Gates why they hate them.....and you won't get an actual reason for hating the guy or his company. Rather then it's kool to hate or go against the person or compnay who is #1 or on top. It's common nature to always try and pull down who's on top for no apparent reason, and it happens everywhere in life, no just in the software world.

Why do you hate him? is casue of all the software companies they have brought out in the past? If you tell me any smart person in his position would have done the same thing. Anybody running a business with great financial backings would have or have done the same thing. Apple does it, AOL does it, and I don't see people hating them. Besides all these small companies that got brought out didn't have to sell out unless it was in their best interest.

It's also interesting to see people who hate microsoft not having a problem using their software. If that's the case why not use something else. It's like saying I hate wearing shoes, so wear sneakers.

Bill Gates worked hard for his money, just like anybody else. So what ever he choses to done whether it's 1 million or 51 million is fine by me, and greatly appreciated by the people who receive his donations. $51 million is better than nothing.

Some people also don't know that out of the $45 billion he is worth, 3/4 or more of it is from stock ownership of Microsoft, as apposed to actual money you would have in a bank. So he would have to sell out all his stocks of microsoft he owns to have the physical $45 billion in actual dollars.

[Vril3D]

Bill Gates is currently Worth: $47 Billion! In the 25 years or so since Microsoft was founded in 1975 he's been making money at a staggering million dollars per hour, around $300 per second.
In less than 40 years, the "free" market has determined that Bill Gates efforts, such as they were/are, are the equivalent of you or me working twice as long as homo sapiens have existed on earth....

Listen people I don't really care how much money he has, he made about 5 billion this year alone.Just don't expect me to think he's some kind of benevolent prince, what a joke, for a start his charity fund is tax exempt.Nice little place to poor his money where it cant be touched by the government.
What do you think all his money is doing in said tax exempt charity fund ?Its invested in the stock market making capital gains that don't get taxed.Wow how benevolent of him, as for helping to sterilize the 3rd world what a guy,hey going to Africa to help make sure those poor black people cant have any more children.Like that's the answer to their problems.
As for his donations to schools the grant is large, but is dwarfed by the school system's annual $12 billion budget.
That's right, that's 12 billion a year Americans spend on schools that's only 75 billion less than you will spend on Iraq next year, oh Joy.No wonder you American people get all effusive when your number one billion air drops a little pocket change on a few schools.

[Joviex]

Originally posted by Ikarus
Some people also don't know that out of the $45 billion he is worth, 3/4 or more of it is from stock ownership of Microsoft, as apposed to actual money you would have in a bank. So he would have to sell out all his stocks of microsoft he owns to have the physical $45 billion in actual dollars.

And ppl also don't realize he can not do that. The regulations in the FTC has could possibly mean he goes to jail for bankrupting a company. You are limited to a certain amount of shares/value sold per trading day.

Ignorance is rampant on topics like these, so it is no wonder you get people comparing Bill Gates to Hitler. Whomever drew that comparison is totally ignorant and a prime example of why more people with money should donate it towards school education.

[Joviex]

Originally posted by Vril3D

Listen people I don't really care how much money he has, he made about 5 billion this year alone.

Just would like to add, he didn't make that this year. It is called shares. Learn about the free market you are speaking of and you'd realize he doesn't have to do much now (esp. being retired from day to day with MS affairs), except to keep the investment in MS going.

He also wasn't number one in the Forbes top this year, but number two (just a annoying kiss my butt fact).

And as long as we are throwing out numbers, the 87 billion to Iraq is ludricrous, granted, considering that for 40 billion a year, each and every american (and I mean even the ppl in the streets) could have very good healthcare coverage. Yet another sad fact.

[Vril3D]

Check out Forbes ,it says he is number one there http://www.forbes.com/richlist2003/rich400land.html ,
and yes offcourse he isn't holding that wealth as cash in the bank.I'm not a total idiot.But if he can be declared the world richest man by Forbes which seems to be the pre-eminent judge of such things, what am I to do ,argue with them about it.Why don't you write Forbes an email and tell them to figure out how the free market works as they seem to be judging peoples wealth and who is the wealthiest on their paper profits for the year.Are you trying to say that Forbes doesn't know what they are on about.Is their wealthiest person list a fraud or a joke in your opinion?

[JDex]

As far as the Bill Gates bashing... this is hypocritical. He is a shrewed businessman, with a huge heart. Rarely do the two meet. As to the question of what he'll do with the money after he dies, well I will speculate that he will do something outrageously generous for society, you know something unprecedented in world history. He has wealth to rival the most lavish rulers in history and yet lives rather humbly in comparison (no proclaiming himself a god and having thousands of workers build temples in his honor). I am willing to bet that he has been formulating a plan to better society for years and if the people with the purse strings (after he dies) follow through with his wishes, we will all benefit... but that just my not-so-humble opinion. :D

[KayosIII]

You will forgive the cynical here.... Its not that I hate Bill Gates or Microsoft. It is just that donations from Microsoft usually come with strings attached or in a way that means that most of the benifits of the donation go to MS and not the reciever of the donation....

Personally I don't mind this as a marketing tactic.

I will hunt around for some articles if I have time.

A personal donation from Mr Gates might be another matter however.

[bentllama]

Originally posted by KayosIII
You will forgive the cynical here.... Its not that I hate Bill Gates or Microsoft. It is just that donations from Microsoft usually come with strings attached or in a way that means that most of the benifits of the donation go to MS and not the reciever of the donation....

well it sems that MS donates alot of time [ and money] to some very good casues VERY frequently.

every week when I get the internal newsletter in my mailbox at work, there are articles on how office and server will better your life...I do not read those, c'mon I am in games...but more importantly there is always an article every newsletter on how not only microsoft as a company, but individual employees on thier own time volunteer their services/and or money to just causes...or listisngs of community events that you can volunteer your time to...

I thought much like you before I saw the company from the inside.

big heart. big wallet. big difference.

[PhilOsirus]

How much do you get one your income taxes when you give away 51million?:p Oh and how about he instead attaches the 51million with a political opinion about how pathetic it is that he has to give money to American schools when it is supposed to be the world's richest country, not a third world one. Maybe I'd respect him more if he wasn't afraid to step on some toes.

[circle frame]

Bill Gates Gives $51 Million to New York Schools

YAY!!!

[luceric]

... and 168$ Million to fight Malaria

http://edition.cnn.com/2003/WORLD/africa/09/21/gates.malaria.reut/index.html

apperently this is following a 120$ milion donation last year..
http://www.washingtonpost.com/wp-dyn/articles/A42889-2003Sep21.html

[Roach]

YAY!!! again!!!
Steve Job....your turn!

[RobertoOrtiz]

Here is a profile on the WASH POST on the charity efforts by the Gates Foundation:

>>Link<< (http://www.washingtonpost.com/wp-dyn/articles/A25456-2003Sep30.html)
Quote:

"The Gateses are pouring billions of dollars into world health initiatives, a cause they have backed since 1994 but have tackled with rising fervor in the past couple of years. The extent of their giving has grown so quickly that the world has barely begun to absorb the implications.

Their money is being used to dramatically expand and improve international vaccination efforts. They are bankrolling programs to find new ways to stop the world's greatest killers, including AIDS, tuberculosis and malaria.

The Gateses have created a foundation worth $25 billion, the largest in the world, and have pledged to give it most of the rest of their $46 billion fortune, derived largely from stock in Bill Gates's company, Microsoft Corp.

Their foundation far exceeds in assets some better-known names in American philanthropy. It is 10 times the size of the Rockefeller Foundation and three times the size of the Ford Foundation. It is only slightly larger than the Wellcome Trust, a London charity that was once the world's largest, but the Gates Foundation has adopted a more intensive focus on saving lives in poor countries.

The Gateses have said they expect to supervise the foundation for the rest of their lives, which could easily mean 30 or 40 more years. They seem virtually certain to surpass John D. Rockefeller and Henry Ford, the oil and automobile magnates, in the scope of their philanthropy. "

-R

[klingspor]

You will forgive the cynical here.... Its not that I hate Bill Gates or Microsoft. It is just that donations from Microsoft usually come with strings attached or in a way that means that most of the benifits of the donation go to MS and not the reciever of the donation.... wasnt gates gonna give about 90% of his fortune to charity? who the hell needs $50b!, ive lost count of how much he has, but all that money is just sitting there doing f**k all, he should be giving billlions out, not millions, he makes more than that when he takes a piss!

Why is it that so many people tend to believe that just because someone is filthy rich means he's obliged to give his hard earned money to charity?! He has no obligation to do so, whatsoever.

What he's done here is a noble gesture and should find recognition as such. From what I hear, it's certainly not the first time he's donated for a good cause. RobertoOrtiz article shows the same.
And even if he benefits from it in some way or another, so what? He's not Jesus, and he never said he was.

I for one applaud the man for this, although I am in no way a fan of Microsoft or himself...

Really people, show respect where respect is due...

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