Gates Fund’s CEO Outlines Giving Plans for 2011

The Bill & Melinda Gates Foundation gave out far less money in 2010 than anticipated because staff members were given the option of distributing some of their grant dollars in later years, according to the fund’s chief executive, Jeffrey Raikes.

The world’s largest philanthropy donated $2.6-billion last year, compared with $3-billion in 2009, because program officers decided to hold off on distributing about $500-million in grants. That money is now available for 2011.