Financial Times FT.com

Gates Foundation: Smaller funds, hard decisions

By Andrew Jack

Published: September 30 2009 02:03 | Last updated: September 30 2009 02:03

The impact of the global financial crisis on the Bill & Melinda Gates Foundation, was brought home late last year, when a lengthy memo began circulating internally.

It highlighted how the downturn was changing health philanthropy as much as governments and the private sector.

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