The State of the GLF
LISNews is one of my hobbies, one of my other hobbies is
Investing. The Nasdaq Market has had a rough few months, and
Microsoft is a big part of that market. I\'ve been hearing
alot of talk about all the money being lost in the market,
which got me to thinking....
The Bill and Melinda Gates
Foundation has been a huge supporter of libraries around
Bill Gates set up the GLF, in part, with money made from
The GLF gave almost $35 Million to libraries last year. The
GLF paid almost $24 Million in Taxes last year (Still think
the rich are undertaxed?).
So now that Microsoft stock has gone from 119 to 47 (They
lost over 11% on Friday alone) what will become of the fund?
With libraries being a small part (1%) of the fund
distributions, will this money begin to shrink?
Can anyone shed some light on this for me? I\'m curious about
the status of the fund as I\'m a big fan of the fund and what