🚨🚨Bill and Melinda Gates are getting divorced.

Potentially huge implications for the Gates Foundation.
Bill and Melinda Gates say they will “continue our work together at the foundation.”

But this obviously will be very complicated!
This is obviously a sad and personal story.

But given that Bill and Melinda Gates co-run one of the — if not THE — world’s most powerful and most venerated philanthropies, this is a massive story with enormous implications for the public at large.
Jeff Bezos and MacKenzie Scott’s divorce was the most expensive settlement ever.

$36 billion.

Chances this is bigger?
Reporters don't usually cover divorces. It's a private matter.

But the fact is that this is an earthquake moment for the nonprofit sector.

Bill and Melinda Gates spend $5 billion a year around the world.

What happens to that warchest is a public matter in the public interest.

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More from @teddyschleifer

1 May
>@brianmrosenthal and @katieglueck take a look at how Venture for America, Andrew Yang’s nonprofit in the startup world, kinda was a failure. nytimes.com/2021/05/01/nyr…
My piece on this theme from during Andrew Yang’s presidential run.

I think my Venture for America story is getting significantly more play today than it did when it was published in 2019.

Then, it was a cute piece about a political neophyte. Now, it and the NYT’s piece are badly needed scrutiny on the front runner to be the next mayor of NYC.
Read 4 tweets
28 Apr
New — a big $25 million gift from Slack founder @stewart and Away CEO @jennifer to UNICEF for Covid work.

The billionaire couple recently created a new charitable foundation to fund their philanthropic work.
Butterfield here specifically challenges the tech industry to raise another $100 million for the cause.

Look at the stock market, he says. Tech folks can afford it.

Pretty rare for tech industry leaders to explicitly acknowledge how the pandemic has made them richer.

Smart of @stewart to play to that and pitch it as a “karmic opportunity.”
Read 4 tweets
27 Mar
New this weekend —

San Francisco is once again fighting over billionaires’ philanthropic power.

Here’s the story of how a $25 million donation to help students got ensnared in local politics. It’s a doozy.

In December, San Francisco condemned the naming of a hospital after Mark Zuckerberg, who gave it $75 million.

Now, one San Francisco lawmaker has temporarily derailed a proposal that includes a $25 million donation to bring summer school to 20,000 kids.

Mike Moritz, the Sequoia billionaire who donated $25 million and helped broker the summer school arrangement, told Recode that he was trying to help local schoolchildren “and nothing beyond that.”

Read 9 tweets
26 Mar
New —

75 Silicon Valley leaders have signed a letter pushing back on the Gavin Newsom recall effort.

The effort is spearheaded by @RonConway.

Signers include @LaurenePowell Jobs, @ReidHoffman, @markpinc, @EricSchmidt, @jgebbia, @ev, @mikeyk, @jeremys and @jeffiel.
"All California leaders should be 100% focused on COVID19 recovery efforts. I oppose the effort to recall the California Governor in 2021."

Left unsaid here is that these 75 people can put enormous amounts of money behind Newsom, who can raise unlimited amounts for the recall.
Read 4 tweets
23 Feb

The latest in the information wars.

A top Democratic strategist is quietly raising $65 million for a new progressive media play.

"Traditional media is failing. Disinformation is flourishing. It’s time for a new kind of media."

The first look —>

The details:

Democratic strategist Tara McGowan is trying to raise $65 million to back media outlets. It's called the Project for Good Information.

$35 million to invest in media companies, including Courier News.

$25 million for grants to nonprofits.

>@CourierNewsroom, a portfolio of eight different progressive news sites backed largely by @anotheracronym, is about to get bigger.

Courier will receive an investment from Good Information, Inc. — the for-profit arm of the Project for Good Information.

Read 6 tweets
2 Feb
WOW, Jeff Bezos is stepping down as CEO of Amazon — will become executive chair.
pretty amazing this didn't leak at all?
In his letter to Amazon employees, Jeff Bezos says he will Pivot to Philanthropy.

I will "have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions."

Full letter here.
Read 6 tweets

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