Local News | Gates Foundation to slow growth in grants in 2009 | Seattle Times Newspaper: "Gates Foundation to slow growth in grants in 2009
The Bill & Melinda Gates Foundation plans to slow the planned growth in its grant making in 2009 in response to the troubled economy.
SEATTLE —
The Bill & Melinda Gates Foundation plans to slow the planned growth in its grant making in 2009 in response to the troubled economy.
In a letter posted on the foundation's Web site, Chief Executive Officer Jeff Raikes said payouts will grow by about 10 percent in 2009, a smaller growth than previously planned.
The foundation projects it will make about $2.8 billion in grants in 2008, The Seattle Times reports."
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