How we are different from most foundations
We
have a staff: 3 full-time employees involved in both grants and activities
We
have ambitious goals: curing major diseases, saving the world, reforming politics, ...
We
give out a larger % of our endowment every year: 10% per year
90%
of the endowment is aggressively invested
One
person pretty much drives the policy decisions
We
get personally involved in politics in order to achieve a goal, e.g., AB71 was hundreds of
hours, special plane trips, meeting with governor, etc.
On
occassion, we invest in for profit companies doing charitable things, e.g.,
Targesome
We
invest in unfashionable, yet incredibly logical, impactful causes, e.g., Ploughshares,
asteroid research, knee surgery patient education/information website
We
take calculated risks in betting on people and being the sole sponsor, e.g.,
Solarmotions/Martin Koebler
We
invest in people as well as projects, e.g., Buzz Aldrin, Ben Barres, Mars Society
We
make a long term commitment with large $, e.g., 3 year, $540K medical fellows program
We
invest in things that seem to be "broken", e.g., AB71, ending the ban on federal
funds for human embryonic stem cell research
We
invest in on controversial things, e.g., we are currently exploring whether selling body
parts would be a good cause to champion. This is critically important for us to take a stand on controversial issues
like this. Everyone else will ignore this because it is so controversial. So nothing will
get done. The whole reason for starting our foundation is to make a difference, not
maintain the status quo.
We
invest in helping out govt agencies, e.g., Smog Check II measurements
We
invest in helping other people become philanthropists, e.g., talks, SV2, All Charties
(100% goes to charity, all IRS charities, registered as a fundraiser in all 50 states)
We
try to enlist others in our causes or causes we hear about that may apply to them, e.g.,
Gates and TB
Our
focus is quite broad and sometimes loosely defined: medical, high impact causes,
environment, education, local community, technology, arts; a very ecletic set of causes.
We're
not afraid to break the rules and fund things that aren't in our mission, e.g., $1M
donation to United Way even though we dont invest in social services or support the
United Way.
We
are proactive (we create proposals) as well as reactive (funding proposals coming in)
We
aren't afraid of getting involved politically,
We
like fund gaps, i.e., high impact areas where traditional funding has fallen short for
some reason (eg., human embryonic stem cell research, senior scientists going into a new
field, asteroids, California air quality measurements)
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