The Gates Foundation is also a bureaucracy facing the same problems described by GP.
Moreover I guess that economies of scale are not so significant after a certain point. I would prefer five different 100B foundations, rather than a 500B one, to encourage diversity in the donation strategy and goals.
Yes, and any organisation of that scale will have bureaucracy. My point is that he could avoid needing to build another one by using a fund that already exists and has a proven track record.
I agree with you on that. My counterpoint is that marginal economies of scale are small, if not negative, at the size of Gates Foundation, and that having some diversity among foundations may be itself an advantage.
Moreover I guess that economies of scale are not so significant after a certain point. I would prefer five different 100B foundations, rather than a 500B one, to encourage diversity in the donation strategy and goals.