New from me — There is $1.2 trillion sitting in charitable foundations that could be spent to help people who are struggling. Today. So why won't they do it? Because many of these foundations want to live forever. A debate in Silicon Valley this week.https://www.vox.com/recode/2020/5/1/21242144/billionaires-foundations-giving-money-coronavirus-fight …
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The Hewlett Foundation has taken some criticism for not doing more on coronavirus. Their argument? We shouldn’t short-change our other work, such as what we do on climate change. But these foundations can do both! Hewlett has $10 billion in assets.https://www.vox.com/recode/2020/5/1/21242144/billionaires-foundations-giving-money-coronavirus-fight …
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Jeff Skoll could give as much as $500 million for coronavirus relief this year, a Skoll spokesperson says.https://www.vox.com/recode/2020/5/1/21242144/billionaires-foundations-giving-money-coronavirus-fight …
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Can the foundation actually legally change its bylaws given that the founders have died?
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