Tuesday, May 26, 2009

Top Billionaires Hold Secret Meeting

Gates, Winfrey, Buffett among philanthropists at gathering in New York

In a quiet meeting closed to the news media and the public, Bill Gates, David Rockefeller Sr., Oprah Winfrey and other leading philanthropists met in New York this month to discuss ways to promote efforts to solve growing social problems in America and abroad.

Together, the philanthropists in the room have committed a total of more than $72.5 billion to charitable causes since 1996, according to Chronicle of Philanthropy tallies.

The unusual event was held May 5 at Rockefeller University and was organized by the Bill & Melinda Gates Foundation. Among the high-profile participants were Ted Turner, Warren E. Buffett, George Soros and New York City Mayor Michael R. Bloomberg.

Several of the people at the meeting confirmed their involvement, but declined to tell The Chronicle about what was discussed or why they gathered almost in secret.

According to a person familiar with the meeting, the wealthy philanthropists gathered to trade ideas about how to raise the level of philanthropy in the world.

According to IrishCentral.com, a Web site in New York that writes about Irish Americans and which first disclosed some of the details about the gathering, each philanthropist was given 15 minutes to talk about “how they saw the future global economic climate, the future priorities for philanthropy, and what they felt the elite group should do.”

The Chronicle of Philanthropy

What would you tell the world’s top philanthropists? Click here to post your comments and ideas.

All these philanthropists from the secret New York meeting have appeared at least once on The Chronicle of Philanthropy’s ranking of America’s most-generous donors.

Other people who attended included Eli Broad, a real-estate investor, Julian H. Robertson, Jr., a hedge-fund manager, and Patty Stonesifer, former chief executive of the Gates foundation.

1 comments:

Anonymous said...

STOP CONCENTRATING THE WORLD'S WEALTH.

What a load of PR crap. If it weren't for the obscene concentration of wealth and capital that everyone of these pigs stand for, there never would have been a shrinking US middle class, consumer debt crisis, market for subprime, global credit crunch, or economic downturn. Its not brain surgery. For the mostpart, its simple math. GREED KILLS. Say that reminds me.

I challenge Brad Pitt and Angelina Jolie to spend the obscene reserves held by their 'Jolie-Pitt' Foundation on legitimate efficient 'humanitarian' work or turn the funds over to others who will. To date, they have taken in $22,000,000 on the sale of baby photos alone, another 6 or 7 figures from other sources, and spent or granted only a fraction of that on 'humanitarian' work or 'good will' of any kind. The rest so far, has been spent on PR campaigns, plane rides, and super-high end accomodations for Brad and Angie in exotic locations around the world. I challenge them to operate with a reasonable overhead, open their books to prove it, get over themselves, and get their 'foundation' worthy of a decent rating by an independent watchdog like Charitywatch.org. Otherwise, to stop selling baby photos for their own 'charity' and stop seeking publicity for donations made in their own name to their own foundation/travel/PR firm within a week of their latest film or DVD release. I challenge Brad Pitt to do the same with his 'Make it right' Foundation. Which to date, has not been given a decent rating by ANY independent charity watchdog. Otherwise, to stop competing with 'Habitat for Humanity' for PR, credit, and funding. Who by the way have been building homes for the less fortunate in every major city including New Orleans for decades. 'Habitat for Humanity' has been 'Top Rated' for years by charitywatch.org and others. They operate with a low overhead, volunteer workforce, and donated materials. No similar effort can match their progress hour for hour or dollar for dollar. Unlike 'Make it right', the homes built by 'Habitat' don't sit vacant. They don't exclude by cost, lower income families. They are allocated and built specifically for the less fortunate who take part in the building process and move in immediately upon completion. 'Habitat' works in every major city including New Orleans. It puts 'Make it right' to shame. In fact, hundreds of legitimate charities have been given good-excellent ratings by Charitywatch.org and other independent watchdog groups. By contrast, the vast, overwhelming majority of celebrity 'foundations' have been rated poorly, fair, or not rated at all. They are inefficient, corrupt, focus heavily on PR, and operate with shady, self-serving, misleading accounting practices. Still, they have the nerve to self-audit, self-praise, mislead the donor/fan base, seek funding from a number of sources including ordinary people, compete with legitimate charities, and cash in on maximum PR for their inefficient 'humanitarian' efforts. Its not right.

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