Why Gates/Apollo The Gate Apollo / (or if you choose others in combination )would bring together the expertise of the Gates Foundation and top investment mgmt firms. The fund would initially be open to donors willing to commit a minimum of 500 million dollars. ( open for discussion ) In following up on the successful pledge campaign , it would offer a solution to those wanting to give at the large level. As I said on the skype call. This would I believe be a way for Bill and Melinda to signifigantly leverage their giving. Provide a myriad of unique opportunities of structure down the road . and create a lasting institution , ( with partners funders families . I dedicated to world good. The flipside is Bill./Melinda might decide that they prefer it to be only a gates operation. No outside involvement. Etc. -Contribution Flexibility: The GA Donor Advised Fund would accept and hold a wide array of assets. -Investment Choice and True Independence: GA's unique combination of experience in the giving space and Apollo's sophistication in the investment arena would provide many giving options not currently available on any platform -Flexible Investment Management: If Bill wanted , it would be possible for donors to recommend an independent investment advisor to manage the assets in GA. Donors would be able to expand their grant recommendations to help charities throughout the country, possible internationally. The large scale of the Gates foundation allows unique giving structures. ( too many details for this memo) The GA Donor Advised Fund would be specifically designed to enhance opportunities for ,initially, only very large giving. ( Bill you had a better term for it ) The problems of effective giving at a large scale are unique. They include a scarcity of experience at this level of both donors and recipients. Charities are rarely set up, experienced enough and EFTA00584409