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Submission + - Gates Foundation to spend all its assets

El Lobo writes: The Bill & Melinda Gates Foundation has said it will spend all its assets within 50 years of them both dying ( _to_spend_all_assets_1201.html ).

The foundation focuses on improving health and economic development globally, and improving education and increasing access to technology. It also focuses on fighting diseases such as HIV/Aids, tuberculosis and malaria.

The Seattle-based foundation plans to increase spending to about $3.5 billion a year beginning in 2009 and continuing through the next decade, up from about $1.75 billion this year.

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