Two Big Foundations, Two Big Goals
This article is a sidebar to “The Old College Try,” Philanthropy, spring 2010.
After Warren Buffett pledged the lion’s share of his fortune (the gift was valued at $37 billion at the time) to the Bill & Melinda Gates Foundation in 2006, the foundation had an opportunity to expand its portfolio. “After tons of research and meeting with policy experts, practitioners, and other foundations, we came back to what has been the foundation’s domestic focus for the past eight years . . . because the evidence spoke clearly,” said Hilary Pennington, the Gates Foundation’s director of education, post-secondary success, and special initiatives, in 2008. “The highest-leverage investment we can make—education. This time, post-secondary education. And even more specifically, post-secondary success.” Continue reading “Two Big Foundations, Two Big Goals”