Gates Foundation: “The Economy and Our Work”

Yesterday (11/21/08) the Gates Foundation released a statement on the financial crisis:

– “We’ll stay focused on the core set of issues where we think we can do the most good”

– “[A]dvocacy is especially important in tough times. When government officials write next year’s budgets, it may be tempting to cut back on the very programs our grantees care most about.”

– “We are planning to grow our payout in 2009 by about 10%. This is lower than previously planned.”

– “There’s still a lot we don’t know about the effects of the economic downturn… We are working with all of our partners to understand these issues better in the coming weeks and months.”