Press Release Of The Day

From the Bill & Melinda Gates Foundation.

The Bill & Melinda Gates Foundation today renewed its commitment to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Announced at the World Economic Forum in Davos, Switzerland, the Gates Foundation is giving $750 million through a promissory note—a new and innovative funding mechanism. "These are tough economic times, but that is no excuse for cutting aid to the world's poorest," said Bill Gates, co-chair of the Gates Foundation. "The Global Fund is one of the most effective ways we invest our money every year." Providing funding through a promissory note gives the Global Fund the flexibility and authority to distribute funds efficiently based on immediate needs, leading to greater impact. "By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," said Gates. "I can't think of more important work."

Bolding is mine. Say what you will about the evil Microsoft empire, but Bill Gates is about to unseat Warren Buffet as the greatest philanthropist in the history of the human race.