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Microsoft

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 ( http://www.rawstory.com/news/2006/Gates_foundation _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.

"Here's something to think about: How come you never see a headline like `Psychic Wins Lottery.'" -- Comedian Jay Leno

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