onPhilanthropy: Socially Responsible Investing: A Foundation's Duty?: "Socially Responsible Investing: A Foundation’s Duty?
By Bodi Luse, 2/7/2007
A series of investigative articles in the LA Times on January 7 and 11 took the Bill & Melinda Gates Foundation to task for investing in companies whose business practices directly oppose the work the world’s largest foundation is trying to do through its grantmaking. Poignant examples cited in the articles included a young child, vaccinated for polio and measles through a Gates-funded program, whose lungs are being destroyed by the Nigeria oil fires, and an elderly Seattle couple who lost their house after being victimized by a predatory lender in which the Gates Foundation is invested."
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