The Gates Foundation’s Hypocritical Investments

ExxonMobil, Walmart, and McDonald’s are just a few of the companies that the mega-charity supports.


With an endowment larger than all but four of the world’s largest hedge funds, the Bill & Melinda Gates Foundation is easily one of the most powerful charities in the world. According to its website, the organization “works to help all people lead healthy, productive lives.” So how do the investments of the foundation’s $36 billion investing arm, the Gates Foundation Trust, match up to its mission? We dug into the group’s recently released 2012 tax returns to find out.

The Gates Foundation did not respond to requests for comment; however, its investment policy says the the trust’s managers “consider other issues beyond corporate profits, including the values that drive the foundation’s work.”

 

In its most recent annual report to investors, private prison company GEO group listed some risks to its bottom line, including “reductions in crime rates” that “could lead to reductions in arrests, convictions and sentences,” along with immigration reform and the decriminalization of drugs. Military contractor DynCorp, meanwhile, has faced allegations of fraud, mismanagement, and even slavery from the Middle East to Eastern Europe.

 

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.