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Another of Education Nation's sponsors was the Bill & Melinda Gates Foundation. Friday, I noted that the billionaire's charity is also sponsoring ABC News' coverage of the Third World development beat under its Be the Change--Save a Life series. Now @katiecouric on CBS publicizes The Giving Pledge, the organization Gates started with Warren Buffet to persuade their fellow billionaires to set up charitable foundations while they are still alive. Anchor Couric sat down with a pair of the 58 pledgers, Steve Case and Ted Forstman.
Couric told us about the disproportionate power those 58 individuals wield--not only underwriting the agendas of the network news divisions. Collectively their endowments are four times larger than the annual budgets (excuse us, Katie--comparing endowments with budgets is apples and oranges) of these six organizations combined: the National Institutes of Health, the National Cancer Institute (excuse us, Katie--NCI is part of NIH so that is double counting), the American Cancer Society, the Salvation Army, the United Way, the American Red Cross.
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